Watertown Affordable Housing Trust
Tuesday September 17, 2024
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43.52 LARRY43.52 FIELD43.52 -43.52 TOWN43.52 OF43.52 WATERTOWN43.52 -43.52 It43.52 might43.69 need43.84 you44.09 to44.13 go44.16 one44.41 at44.65 a44.73 time.44.8
45.28 COOK45.28 -45.28 So46.09 let's46.33 have46.48 a46.65 motion46.73 to47.13 approve47.2 the47.6 July47.77 1048.09 minutes.48.33 2nd?49.05 2nd.50.73 So,51.84 since52.73 I54.36 guess54.44 we54.6 still54.84 need55.08 to55.16 do55.32 a55.4 roll55.56 call.56.28 You56.68 might56.84 as57.16 well.57.24 Alright.58.36 So58.68 we're58.92 going59.08 to59.32 think59.32 about59.56 it59.8 here.59.8 Jill?60.12
SHOW NON-ESSENTIAL DIALOGUE
COOK63 -63 Cliff,63 yes.63.48 So63.8 the64.12 minutes64.2 from64.44 July64.76 10th65 are65.32 approved.65.48 So66.75 are66.92 we67.11 in67.31 a67.39 motion67.47 to67.88 approve68.03 the68.35 minutes68.44 from68.75 August68.99 6th69.23 unless69.63 anybody's70.11 in70.67 any70.75 comments,71.08 questions,71.88 or72.27 corrections?72.52 So73.56 moved.73.72 2nd?74.59 2nd.75.63 Sorry76.67 again.76.99 Jill?77.39
SHOW NON-ESSENTIAL DIALOGUE
80.91 COOK80.91 -80.91 So80.91 the81.15 minutes81.23 of81.71 both81.79 meetings82.03 are82.51 gonna82.75 be82.91 approved.83.07 We're84.91 gonna85.07 move85.31 on85.55 to85.79 funding86.03 sources86.43 and86.83 potential87.07 project87.55 uses87.95 for88.35 the88.43 affordable88.59 housing89.15 trust.89.39 I'm89.63 gonna89.79 ask90.03 Larry90.27 to90.51 run90.67 through90.83 the91.07 spreadsheet91.23 that91.79 was91.95 provided92.35 to92.75 us.92.91 It'll93.97 be94.05 different.94.2 What's94.84 the95.08 money95.33 we95.56 have95.72 in95.97 your96.2 script96.53 there97.08 are97.33 all97.33 the97.48 restrictions.97.65
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COOK114.62 -114.62 Yes.114.62 You116.62 wanna116.78 go117.1 first117.34 half?117.74
119.34 FIELD119.34 -119.34 I119.34 do.119.5 So128.93 this129.25 spreadsheet129.56 is130.44 designed130.84 to,131.41 identify133.16 the133.72 sources133.97 of134.93 the135.41 trust's136.04 money136.69 and,137.61 how139.29 much139.53 is139.77 in140.01 each140.17 of140.33 these140.41 buckets.140.65 And,142.49 they146.09 are146.41 broken146.73 out147.29 by148.09 flexible148.57 total149.29 and149.85 total.150.17 Starting152.32 from152.81 the153.13 top,153.69 from154.65 the154.88 city155.04 budget.155.44 As156.72 George158.41 told158.88 us159.21 on159.53 the159.69 first159.84 part160.32 of160.44 the160.56 housing162.09 trust,162.72 he163.76 was163.93 going164.17 to164.56 put165.21 in165.44 the165.6 city165.76 budget166.09 for166.81 that168.57 upcoming168.81 fiscal169.29 year,169.61 the169.93 next170.09 two170.33 fiscal170.57 years170.89 at171.37 least,171.61 $250,000,173.37 for175.53 the175.77 trust.176.01 He177.37 has177.53 done177.77 that.178.09 750,000179.53 has180.73 come180.97 in181.13 from181.29 the181.53 city181.69 budget.181.93 The184.11 balance184.28 is184.67 now184.83 approximately185.23 730,000185.88 because,187.31 we188.19 have188.44 used,188.59 the190.11 trust190.67 funds,191.07 for192.35 the194.19 on-call194.59 architect194.59 to195.23 do195.39 the196.62 various197.58 concept198.06 plans198.54 for198.94 sites199.18 that199.5 we've199.66 considered.199.98
205.58 The205.58 city205.98 budget206.3 funds206.78 can207.1 be207.34 used207.5 for207.82 anything208.14 that208.78 is,208.94 a209.98 valid210.22 affordable210.78 housing211.26 use.211.66 The213.84 second214.16 line214.72 is215.04 the215.28 affordable215.53 housing216 development216.49 fund,217.04 which218 was218.32 created218.64 at219.21 the219.36 time219.44 that219.76 the220 inclusionary220.41 zoning221.13 ordinance221.6 was222.25 created.223.13 And224.25 it's224.49 designed224.81 as225.44 the225.69 repository225.93 of227.13 in-lieu227.89 payments228.21 from228.77 developers.229.17 In230.93 Watertown,232.29 in233.01 lieu233.17 payments233.41 are233.97 solely234.29 because234.93 it235.89 is236.05 a236.29 small,236.69 property,238.61 and239.72 they240.44 trigger240.76 the241.41 inclusionary241.89 zoning242.6 ordinance,243 but243.56 we243.72 give243.81 them244.04 the244.28 option244.44 to244.84 make244.93 it245.25 instead245.49 of245.72 payment.245.89 That248.13 is248.28 a248.6 cash248.84 payment249.09 instead249.41 of249.81 providing250.04 a250.53 unit250.69 that251.09 is,251.25 on251.97 the252.21 site.252.37 So253.31 the253.63 current253.71 balance254.19 is254.67 269,000,254.91 from257.07 those257.39 funds.257.63 Again,258.99 those259.39 can259.71 be260.03 used260.11 for260.43 any,260.75 valid261.95 affordable262.51 housing262.99 use.263.47
265.87 Finally,265.87 there266.75 is267.06 the267.31 community268.26 development268.75 block269.31 grant269.87 program270.19 income.270.58 So271.7 community272.19 development272.58 block273.06 grant273.38 is273.7 a273.94 federal274.1 program,274.5 district276.1 by276.5 HUD,276.66 that,278.04 goes279.8 directly280.2 to280.68 some280.84 communities281.16 and282.28 indirectly282.44 to283.16 others.283.4 The285.72 indirect,286.04 path288.44 is288.92 that289.16 the289.32 state289.48 gets289.8 the290.04 money290.2 and291 it291.4 has291.64 a,293.54 basically295.41 competitive296.03 award296.66 process,297.28 for298.53 please299.78 do300.4 these301.03 things.301.65 And302.28 if302.9 we303.52 like304.15 your304.77 proposal,305.4 we306.02 will306.65 fund307.27 it.307.9 And309 then309.08 it309.4 follows309.64 all310.12 of310.28 the310.44 CDBG310.76 federal,311.64 program312.52 guidelines.313 Watertown,314.52 many,315.48 many315.8 years316.04 ago,316.28 and316.52 probably,316.76 David317.88 will318.28 remember318.52 this318.84 most319.16 acutely319.48 because319.96 he320.2 was320.36 involved320.52 at,321.16 the321.96 time,322.12 and323.9 had323.9 a324.06 program324.23 for324.87 first-time325.35 homeowners.325.58 And327.26 the329.35 transaction329.5 documents330.23 provided331.26 that331.82 once332.14 these332.38 people332.7 sold333.19 their333.58 homes,333.82 they334.63 could,334.94 keep,336.06 appreciation,337.65 but338.37 a338.61 certain338.77 amount339.73 of340.13 the340.37 appreciation340.69 would341.33 come341.57 back341.73 to,342.21 the343.17 city.343.33 So344.29 over344.61 time,344.93 money345.49 has345.73 come345.89 in346.13 that346.21 way.346.45 It's346.69 considered346.85 program347.33 income,347.81 and348.53 the348.69 current348.85 balance349.33 is349.73 approximately349.97 $113,000.350.61
354.02 This354.02 money354.35 being354.75 federal,355.46 is356.58 subject356.9 to357.38 the357.46 CDBG357.87 eligible358.82 uses.359.63 The361.31 uses361.46 do,362.11 allow363.31 for363.87 investment364.82 in365.54 affordable366.19 housing366.75 developments367.38 and368.46 are,369.42 you370.06 know,370.38 pretty,370.7 pretty372.06 broad372.46 in373.02 the373.26 kinds373.34 of373.58 affordable373.82 housing374.3 eligible375.02 uses375.5 there375.82 are.376.06 So376.54 that's376.7 why376.94 I377.18 put377.26 it377.5 in377.66 the377.74 flexible377.9 total378.54 along378.94 with379.18 the379.34 other379.5 two379.74 categories.380.22 The381.95 total382.04 in382.51 those382.75 three383.07 buckets383.31 is384.27 approximately384.51 $1,100,000.386.35 And,388.27 the389.56 vast389.79 majority390.12 of390.75 it390.91 coming,391 since392.12 the392.51 trust392.68 was393 created393.24 and393.88 because394.12 of394.35 the394.51 city394.68 budget.394.91 The397.14 next397.46 three398.02 lines399.06 concern399.62 the400.82 home402.02 program,402.42 a403.78 federal403.78 program404.18 run404.82 by405.14 HUD.406.02
407.54 And407.54 we408.02 participate,409.62 as410.64 one410.73 of410.96 the411.04 13411.2 communities411.6 in412.16 the412.4 West413.04 Metro413.44 Home413.85 Consortium,414.08 which416 is416.25 led416.4 by416.64 you.416.96 The419.04 first419.37 line,419.69 the420.49 2024,420.96 25422.08 budget,422.56 is424.09 the424.41 money424.57 that425.05 is425.37 allocated425.69 to426.33 the426.57 city426.81 of427.21 Watertown430.33 for430.33 programs430.81 and431.77 projects432.17 and434.17 can434.49 be434.65 spent434.97 on435.61 things435.85 that436.25 are436.65 in437.13 our437.45 action437.93 plan,438.41 submitted440.04 to440.44 HUD,440.6 and440.91 approved441.07 by441.39 HUD.441.71 And,443.47 if445.15 not445.63 used446.04 during446.6 the447.39 fiscal447.63 year,448.03 needs448.91 to449.07 be449.24 returned449.39 to449.95 the450.03 consortium450.27 for451.56 what's451.88 called452.12 the452.44 consolidated452.68 pool.453.39 The454.42 consolidated454.66 pool455.78 allows455.94 for,456.5 any457.78 of458.18 the458.5 projects,459.22 that461.22 are461.46 within461.62 the462.1 consortium462.34 communities463.14 to464.1 apply464.34 on464.74 a464.98 competitive465.14 round465.7 to466.18 get466.42 all466.82 or466.98 some467.22 of467.54 the467.78 consolidated468.02 money.468.66 The469.63 understanding469.94 amongst,471.71 the473.46 West473.46 Metro473.79 Communities474.26 is,475.06 that476.11 it's476.11 not476.35 a476.58 bad476.75 thing476.99 to477.31 return477.38 the477.79 money477.94 because,478.35 in480.99 one481.23 year,481.23 your,481.94 community482.82 may483.31 benefit483.55 from483.94 a484.19 project.484.35
485.12 Another485.12 year,485.52 another485.92 community486.32 can486.72 benefit.486.88 Watertown488.88 has489.36 benefited489.84 from490.64 the491.28 use491.28 of491.52 the491.6 consolidated491.84 pool.492.56 Most493.04 recently,493.36 the495.2 MetroWest495.52 Collaborative,496.4 Elevator498.19 project,498.75 was,499.88 seriously501.48 dependent502.36 on503.07 the503.31 consolidated503.63 pool505.07 as505.39 well505.56 as505.88 money506.04 that506.35 was506.44 provided506.68 by507.24 Oregon.507.71 So509.24 that509.48 amount509.71 of510.12 money,510.27 I511.62 put511.86 in,512.18 is513.62 not513.62 in,517.06 to517.06 be517.22 spent517.46 this518.02 year,518.18 not518.58 in518.74 available519.86 this520.5 year520.66 because521.38 our522.1 action522.42 plan522.98 did523.62 not523.86 have524.26 any524.74 projects,525.38 or526.66 programs526.66 in527.23 it.527.38 So529.63 for529.95 us530.18 to530.5 use530.58 the530.9 $110,585,531.3 we534.5 would534.75 have534.9 to535.14 amend535.38 the535.78 action536.02 plan,536.35 which536.75 would536.99 take537.23 two537.71 months537.95 to538.35 do538.5 roughly.538.83 And541.17 so541.89 that542.13 is542.37 something542.77 we543.25 could543.41 do,543.65 but,544.69 you545.17 know,545.33 requires545.57 that,546.21 hurdle.546.93
550.13 That550.13 is550.37 why550.69 it's551.01 always551.25 best551.81 to552.37 plan553.09 when553.97 you554.21 wanna554.37 use554.61 HUD554.93 money,555.33 home556.32 program557.12 money.557.6 It's,558.39 you558.88 know,559.03 best559.36 to559.67 know,559.91 you561.12 know,561.27 literally561.51 six562.24 months562.55 ahead562.88 of563.12 time563.27 before563.51 the563.83 fiscal564 year564.32 starts564.63 so565.12 you565.27 could565.43 put565.6 it565.83 in565.91 the566.07 action566.24 plan566.55 and566.88 get567.03 it567.2 approved567.36 by567.75 HUD.567.91 The569.93 second570.17 bucket570.65 is571.13 home571.77 program572.17 income.572.81 And574.25 like,574.73 the575.77 CDBG576.01 program576.81 income,577.21 this577.93 was578.17 from578.41 a578.89 long579.29 time579.61 or580.33 a580.57 long580.73 ago581.05 program581.53 to582.32 assist,582.72 for583.75 time583.91 home584.24 buyers,584.72 and585.84 there586.32 have586.55 been586.63 repayments586.96 made.587.6 And588.63 at588.88 this589.03 point,589.27 $174,000591.6 is592.24 in592.55 this592.96 bucket.593.36
597.48 And597.48 so597.88 the598.04 total598.28 that599.08 is599.32 available600.44 from601.56 the602.36 home602.68 monies603.24 is603.72 174,000604.2 and605.88 potentially606.04 110,000.606.84 I608.75 will608.91 say,609.07 a610.03 little610.12 bit610.36 more610.51 about610.75 the611.07 home611.07 program.611.32 Home614.12 is614.43 a614.83 highly615.24 restrictive615.88 program616.67 in618.03 both,618.36 the619.39 eligible619.63 uses620.2 and620.83 the620.91 paperwork621.15 and622.2 process622.51 involved.623.07 I've624.97 already625.29 discussed625.61 the625.93 action626.17 plan,626.49 but627.37 in627.61 addition627.77 to628.17 that,628.33 you629.69 need629.93 to630.17 underwrite,630.41 each631.61 of631.85 the632.25 investments632.49 you633.05 make,633.29 which633.61 is633.85 a634.01 process.634.17 It635.13 has635.29 to635.45 be635.61 approved635.77 by636.25 HUD,636.73 and637.77 they,638.62 designate,639.93 a641.7 certain641.86 number642.58 of642.89 units643.13 every643.7 time643.93 there's644.1 an644.42 investment644.58 as645.3 HUD646.17 I'm646.65 sorry,646.82 home-funded647.62 units.648.17 And649.13 so649.38 they649.54 have649.86 to650.01 calculate650.25 in650.89 the651.05 underwriting651.38 process,652.1 you652.9 know,653.14 what653.94 is654.1 the654.42 appropriate654.58 number655.3 of655.62 HUD655.86 I'm656.34 sorry.656.98 Home-funded658.02 units658.5 are659.06 part659.14 of659.38 this.659.46 And660.26 the660.42 documentation660.66 involves664.1 several664.34 documents664.34 that664.9 involve,665.06 lawyers.666.02
666.74 So666.74 for667.42 all667.58 of667.74 those667.82 reasons,668.13 it's668.54 considered668.77 less669.42 flexible.669.74 And670.93 when671.34 the672.13 city,672.3 was673.42 confronted673.74 with674.22 the674.46 COVID674.62 crisis675.01 in675.5 2020,675.82 and677.65 the678.46 next678.62 year,678.86 2021,679.25 the681.55 then681.79 Watertown682.91 Housing683.55 Partnership683.87 chose684.67 to684.99 use685.15 the685.71 CDBG686.03 program686.75 income,687.15 and688.83 not689.15 the689.55 home689.71 program689.95 income690.43 because690.91 of691.63 all691.87 the692.03 restrictions.692.27 And693.75 so693.91 the694.24 home694.39 the694.79 CDBG694.88 program695.6 income696 number696.32 was697.43 $175,000,698 $275,000702.63 more704.55 275705.27 more706.48 before707.03 the707.6 COVID707.84 rental708.24 assistance708.63 program.709.12 And711.57 so,711.81 you712.13 know712.53 the712.93 bottom,713.41 number714.37 is,714.77 you715.09 know,715.25 all715.41 of715.65 the715.73 money715.89 is716.13 available.716.29 And,718.69 that,721.57 I721.97 think,722.13 gives722.45 you722.69 a722.85 picture723.01 of723.49 what723.81 is724.45 potentially726.42 available.726.9 I'm727.71 gonna727.95 pause728.26 now728.59 and729.07 ask729.14 you729.47 if729.87 your729.95 trustees730.11 have730.59 questions730.83 about731.38 that.731.71
JILL739.88 HYDE739.88 -739.88 AFFORDABLE739.88 HOUSING739.88 TRUST739.88 MEMBER739.88 -739.88 So739.88 if740.12 we740.28 wanted740.36 to740.68 amend740.92 the741.32 actual741.4 plan741.72 to742.04 use742.28 those742.76 funds,743.08 it743.72 would743.88 have744.12 to744.36 be744.44 done744.68 before745 the745.56 end745.64 of745.88 this746.04 next746.28 fiscal746.6 year.747.08 Otherwise,747.48 it748.04 goes748.2 back748.44 to748.6
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SHOW NON-ESSENTIAL DIALOGUE
FIELD800.83 -800.83 So800.83 the800.91 second801.07 spreadsheet801.47 is802.43 designed802.67 to804.43 be804.51 a804.99 point805.23 of805.55 discussion.805.71 It's808.05 not808.38 necessary808.77 that809.41 trust,810.13 vote810.69 on,811.01 and811.33 choose811.5 a811.89 strategy,812.05 but812.53 it's812.93 useful813.17 when813.65 we813.98 are,814.13 now815.17 having815.65 to815.98 make816.05 decisions816.29 about816.86 you817.17 have817.33 to817.5 make817.57 spending818.69 decisions.819.41 You819.41 know,819.57 what,819.82 approach821.1 you821.57 could821.74 potentially821.89 take.822.69 So823.68 the823.92 way824.08 I've824.4 divided824.64 this825.2 is,825.68 as827.6 always828.48 seems828.88 to829.12 happen829.28 options830.56 A,830.88 B,830.88 and830.88 C.831.04 A832.72 goes833.04 strongly833.28 in833.76 one833.92 direction,834.08 B,834.8 in835.12 the835.12 other835.28 direction,835.52 and836.08 c836.32 is836.48 the836.64 balance.836.8 And837.39 that's837.55 why837.72 this838.03 is838.36 just838.43 a838.6 construct,838.84 you839.32 know,839.48 for839.72 a840.03 conversation.840.12 So,841.88 the843.39 option844.12 is844.67 committing845 strongly845.63 to846.36 current846.51 projects,846.91 ones847.72 that847.96 are848.2 known848.84 now.849.32 Option850.84 B851.24 is,851.63 for852.43 future853.59 projects854.07 and855.59 Option856.47 C856.87 is,856.87 for857.99 balance.857.99 Can't859.51 see859.99 the860.39 option860.55 c860.87 there,861.03 but,861.27 is862.39 balanced862.63 between863.11 the863.43 two.863.59
864.31 And864.31 I've,864.55 then,866.15 as868.46 part868.7 of869.02 future,869.75 divided870.95 into871.42 two871.75 parts,871.9 predevelopment872.63 reserve873.5 and874.14 future874.46 projects.874.95 And875.82 the876.23 distinction876.38 I've876.95 made877.26 here877.42 is877.75 that877.99 my878.87 recommendation879.18 as880.3 staff880.54 would880.95 be881.11 not882.24 to,882.72 use884.08 whatever884.64 is885.12 the885.36 predevelopment885.52 reserve,886.32 that887.12 it887.36 is887.6 the888.08 kind888.32 of888.48 money888.64 you888.96 want,889.12 in890.32 case890.56 you890.8 need,891.04 an892.24 on-call892.64 architect892.96 to893.52 do893.68 something893.84 immediately894.24 and,894.8 you894.96 know,895.12 you895.44 wanna895.6 have895.92 the896.16 money896.32 available.896.64 Or897.74 if897.98 there's,898.21 you898.53 know,898.62 something898.93 else,899.34 a899.58 deposit899.82 or900.21 something900.38 urgent,901.25 you902.46 don't902.7 wanna903.01 be,903.25 saying,904.21 gee.904.62 We904.86 don't905.01 have905.17 the905.41 money905.5 for905.82 that.905.98 So906.77 that's906.86 what907.17 that907.5 reserve907.74 is908.13 for.908.29 But909.92 future910 projects911.12 are911.52 being911.76 reserved912 in912.48 a912.64 kind912.8 of912.96 informal913.12 way.913.84
915.04 It915.04 doesn't915.28 have915.52 to915.76 be,915.84 you916 know,916.16 escrowed916.48 or917.04 anything917.2 else.917.52 Just917.84 let's918.32 keep918.64 in918.8 mind919.04 that919.36 there919.6 could919.84 be920 future920.16 projects,920.48 and920.88 we'd921.04 wanna921.2 use921.52 this921.76 money.921.92 And923.04 so923.2 you923.52 can923.68 see923.85 in924 options924.73 A,925.37 B,925.61 and925.61 C,925.76 different926.49 percentages.926.8 There927.44 are927.56 different927.68 amounts928 of928.4 money,928.57 that930 are,930.16 you930.49 know,930.64 allocated930.88 to931.52 these,931.76 different,933.28 you933.76 know,933.92 ways934.16 or934.57 strategies934.73 of935.52 spending935.68 money.936.16 So,937.04 one938.67 more938.91 kind939.63 of939.95 comment940.27 about940.67 this.940.99 And941.39 then,941.55 I943.39 think943.71 it943.95 makes944.11 sense944.35 for,944.67 Cliff945.87 to946.19 lead946.27 a946.51 discussion946.67 amongst947.39 you947.87 about948.03 this,948.35 you948.75 know,948.91 for949.07 whatever949.23 it's950.32 worth?950.39 You950.96 look951.2 like951.36 you951.51 have951.6 a951.67 question.951.75
952.39 UNIDENTIFIED952.39 SPEAKER952.39 -952.39 Current952.39 projects953.03 would953.36 be953.6 anything954.55 where955.51 either955.91 we're956.15 instituting957.36 something958.08 or958.55 someone958.88 comes959.2 to959.51 us959.6 asking959.91 for960.39 funds960.71 Yeah.961.2 If961.51 there's961.67 a961.84 project962 already.962.39
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989.61 So992.82 the993.3 other993.94 thing994.18 that994.34 I994.5 wanted994.66 to994.98 mention995.14 is995.62 that996.1 I'm996.42 assuming996.66 in997.22 this997.46 that997.78 there,997.94 would999.38 be999.62 no1000.42 need1000.66 to1001.14 reserve1001.86 for1002.74 refinancing1003.96 or1004.68 capital1004.92 injections1005.4 for1005.96 existing1006.28 properties1006.85 that1007.4 can1007.57 be1007.73 funded1007.88 with1008.28 a1008.52 home.1008.52 Right?1009.49 Because1010.61 of1010.92 the1011.08 restrictions1011.25 on1011.8 home1011.96 money,1012.2 it's1012.52 better1012.85 to1013.16 use1013.4 that1013.8 for,1014.28 the1015.49 home1015.73 projects1015.88 we've1016.37 got1016.61 now.1016.85 We've1017.16 got,1017.4 you1017.8 know,1017.96 10601019.04 Belmont.1019.76 We've1020.32 got1020.56 Saint1020.8 Joseph1021.04 Hall.1021.52 We've1021.84 got1022.16 Marshall1022.56 Place.1023.2 We've1023.76 got,1024 Cooley1025.04 School1025.52 Apartments.1025.84 Got1026.56 Brigham1026.88 House.1027.28 And1028.24 so1028.56 those,1029.44 you1029.84 know,1030.08 may1030.4 need1030.8 things.1031.28
1032.08 Marshall1032.08 House1032.48 used1032.8 ARPA1033.2 money1033.6 for1034 an1034.7 elevator1034.86 project1035.34 they1035.73 had1035.89 last1036.13 year.1036.38 Metro1037.41 West1037.73 used1038.06 co-money1038.54 for1038.7 its1038.93 elevator1039.17 project1039.65 for1040.38 a1040.62 roof1040.7 repair1041.02 for1041.41 Saint1042.3 Joseph1042.54 Hall.1043.02 And,1044.93 you1045.49 know,1045.65 you'll1045.82 hear1046.13 more1046.38 about1046.62 101047.2 601047.36 Belmont.1047.76 But1048.4 if1048.88 we'd1049.04 known1049.44 six1050.24 months1050.56 or1050.8 a1050.96 year1051.04 ago1051.28 that1051.84 there1052 would1052.16 be1052.32 a1052.4 need1052.48 for1052.64 a1052.88 boiler1052.96 project,1053.28 we1054 would1054.24 have1054.48 put1054.64 that1054.8 into1055.04 the1055.28 home1055.44 funding1055.76 pool.1056.4 Not1057.36 a1057.52 pool,1057.52 but1057.76 we1057.92 would1058.08 have1058.24 tried1058.48 to1058.8 use,1058.96 Watertown1059.99 to1060.08 pull1060.72 money1061.12 for1061.6 that1061.84 purpose.1062.24 And1063.67 so1063.84 what1064.32 we're1064.63 saying1064.88 is1065.2 we1065.6 want1065.84 to1065.99 try1066.88 in1067.2 the1067.43 future1067.52 to1068.08 know1068.24 in1068.48 advance1068.72 to1069.12 be1069.28 able1069.43 to1069.6 use1069.76 home1070.08 for1070.48 those1070.96 kinds1071.2 of1071.52 things.1071.67 So,1072.72 with1072.96 that1073.76 clipping1073.92 it1074.16 back.1074.4
1077.76 COOK1077.76 -1077.76 And,1077.76 just1077.76 one1078 question1078.24 with1078.64 Nichols,1078.8 yeah,1079.04 for1079.28 money,1079.44 did1080.04 we1080.16 commit1080.32 any1080.72 funds1080.96 and1081.28 nickels1081.36 at1081.76 this1081.92 point?1082.08 Have1082.88 not1083.12 seen1083.6
1086.85 FIELD1086.85 -1086.85 For,1086.85 the1087.88 Design.1088.68 Yes.1089.33 Exactly.1089.88
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1093.72 COOK1093.72 -1093.72 Then1093.96 the1094.29 available1096.61 funds1097.24 from1097.96 the1098.21 city,1098.37 as1099.71 that1099.87 included1100.19 for1100.83 the1101.15 next1101.39 fiscal1101.63 year1101.95 for1102.11 the1102.27 city1102.35 against1102.67 July1102.99 1.1103.31 Is1105.23 that1105.39 correct?1105.71
1106.99 FIELD1106.99 -1106.99 Yeah.1106.99 So1107.31 this1107.63 current1108.03 fiscal1108.59 year1108.99 is1109.55 included,1109.71 not1110.35 the1110.67 next1110.67 fiscal1110.91 year.1111.31 So1111.55 there's1111.71 no1111.95 budget1112.11 yet1112.59 for1112.75 that.1112.91 And,1113.39 you1114.26 know,1114.41 I1116.26 can't1116.41 speak1116.73 for1116.89 George1117.13 about1117.53 whether1117.78 or1118.1 not1118.17 he's1118.41 going1118.58 to1118.89 put1118.97 that1119.21 in1119.45 next1119.86 year's1120.1 budget.1120.34
COOK1120.97 -1120.97 Okay.1120.97 Does1121.78 the1122.1 city1122.26 what1122.65 date1122.97 does1123.21 the1123.38 city's1123.45 fiscal1123.78 year1124.1 begin?1124.26 July1125.53 1.1125.93 So1126.58 for1126.97 the1127.13 upcoming1127.38 fiscal1127.93 year,1128.41 are1129.32 there1129.48 any1131.08 appropriation1131.48 plans1132.6 for1132.92
1133.56 FIELD1133.56 -1133.56 Well,1133.56 the1134.2 budget1134.44 process1134.84 is1135.88 kind1136.68 of1136.84 starting1137 up1137.32 now,1137.88 and1138.28 so1138.52 there1138.92 isn't1139.16 anything1139.48 on1139.96 the1140.04 books1140.12 now.1140.44 I1140.6 mean,1140.68 it's1140.84 still1140.91 a1140.99 little1141.24 early.1141.48
1142.36 HYDE1142.36 -1142.36 So1142.36 that1142.6 7501143.47 for1144.91 22,1145.39 23,1146.28 and1146.76 24.1146.91 Yeah.1147.55
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1152.43 FIELD1152.43 -1152.43 And1152.43 you1152.67 should1152.84 make1153.08 any1153.32 assumption,1153.55 you1154.04 said?1154.19 I1154.96 can't1155.52 make1155.76 an1155.92 assumption.1156.16 I1156.48 mean,1156.64 you1156.8 can1156.96 make1157.12 a1157.44 reasonable1157.68 assumption.1158.16 I1158.64 mean,1158.72 I1158.96 think1159.52 George1160 and1160.72 the1160.8 city1160.96 have1161.28 committed1161.44 to1161.84 affordable1162 housing,1162.4 but1162.8 I1163.28 can't1163.52 as1163.92 staff1164.24 say1164.88 that,1165.04 you1165.36 know,1165.68 it1166.64 would1166.72 be1166.88 for1167.04 some1167.28 truth1167.44 for1167.76 me.1168.16 Yeah.1168.56 Yeah.1168.64
SHOW NON-ESSENTIAL DIALOGUE
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1209.16 DAVID1209.16 LEON1209.16 -1209.16 AFFORDABLE1209.16 HOUSING1209.16 TRUST1209.16 MEMBER1209.16 -1209.16 I1209.48 just1209.57 wanted1209.81 to1210.05 clarify,1210.2 Larry.1210.77 So1211.01 were1211.24 you1211.4 suggesting1211.57 that1212.2 the,1212.44 conceivably,1213.92 like,1214.64 the1214.96 boiler1215.12 request1215.52 would1216.48 not1217.04 be1217.36 able1217.44 to1217.84 speak?1217.92 Okay.1218.56 Not1219.04 in1219.36 the1219.68 fact1219.68 that1220
FIELD1220.32 -1220.32 Right.1220.32 So1221.12 the1221.36 first1221.52 thing1221.84 when1222.16 we1222.64 were1222.88 contacted1223.12 by,1223.84 MetroWest1224.96 was1225.84 for1226.3 us1226.62 mutually1226.78 with1227.41 MetroWest1227.65 to1228.13 explore1228.38 whether1228.86 we1229.1 could1229.26 use1229.41 home1229.65 funds,1229.89 and1230.13 the1230.38 answer1230.46 is1230.78 we1230.86 could1231.1 not1231.34 because1231.98 of1232.22 the1232.38 timing.1232.46 They1233.34 can1233.49 go1233.73 into1233.82 more1234.13 detail,1234.38 but1234.86 it's1235.49 such1235.65 an1235.82 urgent1235.98 situation,1236.46 that1237.98 they1238.54 have1238.78 to1239.02 spend1239.17 the1239.41 money1239.58 now,1239.89 to1241.01 get1241.09 the1241.25 boilers1241.41 in1242.05 place1242.21 for1242.45 the1242.61 winter.1242.77 And1243.49 the1244.77 process,1244.93 going1246.37 through1246.69 the1247.01 West1247.49 Metro1247.89 Home1248.21 Consortium,1248.45 for1250.53 an1250.77 action1250.85 plan1251.25 amendment1251.57 or1252.45 a1252.85 consolidated1252.93 pool1253.81 would1254.32 mean1254.55 that1254.71 they1255.03 could1255.19 get1255.36 the1255.6 money1255.75 next1256.15 spring1256.47 after1256.95 the1257.36 winter1257.6 and1258.32 after1258.55 the1258.95 risk1259.19 has1259.43 been1259.6 taken.1259.84 These1260.32 people1260.55 who1260.95 are,1261.12 tenants1262.15 would1262.71 be1262.88 exposed,1263.6 to1264.55 the1264.63 weather.1264.79 So1265.43 it1265.75 is1265.99 impossible1266.15 to1266.79 use1266.95 that1267.19 route.1267.36
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1294.51 UNIDENTIFIED1294.51 SPEAKER1294.51 -1294.51 And1294.51 how1294.83 did1294.99 you1295.15 arrive1296.03 at1296.43 those1296.67 percentages1296.99 just1297.79 based1298.11 on1298.27 past1299.23
1300.43 FIELD1300.43 -1300.43 No.1300.43 I1300.75 mean,1300.83 that's1301.15 why1301.31 I1301.63 emphasized1301.87 that's1302.43 arbitrary.1302.99 Yeah.1303.63 Just1303.95 this1304.91 is1305.07 a1305.23 thought1305.39 exercise1305.87 to1306.51 try1306.67 to1306.99 say,1307.62 well1307.78 if1308.49 you1308.65 were1308.97 to1309.3 go1309.46 in1309.7 one1309.86 direction1310.1 or1310.41 another,1310.58 what1311.13 would1311.46 the1311.7 percentage1311.86 of1312.41 the1312.46 numbers1312.49 what1312.89 could1313.13 they1313.38 look1313.54 like?1313.78 You1314.41 can1314.58 change1314.73 it1315.06 to,1315.3 you1315.93 know,1316.1 5,1316.58 80,1316.97 15%1317.62 on1318.49 option1318.73 a.1319.06 And,1319.86 you1320.1 know,1320.74 that1320.98 would1321.22 be1321.38 legitimate.1322.34 That's1323.22
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UNIDENTIFIED1340.21 SPEAKER1340.21 -1340.21 Right.1340.21 Certainly.1340.45 Yes.1340.85 We1341.16 can't1341.33 send1341.64 we're1342.05 allocating1342.21 more1342.61 than1342.77 1.11342.92 million.1343.4 But1344.85 within1345.09 that1345.4 parameter,1345.88 we1346.77 could1346.92 go1347.64 100%1348.05 in1348.61 one1348.77 direction1348.77 or1349.24 another1349.4 or1349.81 another1349.97 or1350.92 any1351 fix.1351.32
1351.8 FIELD1351.8 -1351.8 Right.1351.8 I1352.44 thought1352.6 it1352.76 was1352.92 really1353.16 important1353.4 to1353.8 do1353.96 it1354.12 this1354.28 way1354.52 given1354.84 the1355.16 fact1355.24 that1355.4 you've1355.56 got1355.8 two1356.2 requests.1356.44 And1357.72 then1357.88 you1358.12 also1358.36 are1358.76 aware1358.84 of1359.16 potential1359.72 future1360.2 projects1360.6 because1361.56 otherwise,1361.88 you'd1362.28 be1362.52 asking,1362.68 well,1363.08 you1363.4 know,1363.56 what1363.72 the1363.96 alternative1364.12 if1365.21 I1365.38 look1365.78 at1366.02 only1366.1 one1366.41 project,1366.65 what1367.06 does1367.21 that1367.38 mean1367.54 for1367.78 everything1367.93 else?1368.26 So1368.49 that's1368.73 Okay.1369.13 This1369.38 is1369.62 trying1369.7 to1370.02 put1370.1 it1370.26 in1370.34 context.1370.58
1376.73 UNIDENTIFIED1376.73 SPEAKER1376.73 -1376.73 With1376.73 no1377.06 understanding1377.3 of1377.78 where1377.78 the1377.93 next1378.1 funding's1378.43 coming1378.75 from1379.23 or1379.39 how1379.63 much1379.79 we're1380.11 gonna1380.27 have.1380.51
1380.75 FIELD1380.75 -1380.75 Oh,1380.75 actually,1380.91 I1381.31 should1381.47 say1382.59 that1383.47 the1383.95 earliest1384.19 I1384.67 think1384.91 we1385.31 could1385.55 get1385.79 linkage1386.03 fees1386.43 would1386.75 be1386.91 2027.1387.23 2027.1388.19 Because,1389.07 we've1390.11 got1390.51 21390.83 projects1391.07 that,1392.64
UNIDENTIFIED1393.85 SPEAKER1393.85 -1393.85 Main1393.85 Street.1394.24 I've1395.21 missed1395.37 it.1396.16
1396.16 FIELD1396.16 -1396.16 So,1398.01 991398.24 Water1398.88 Street,1399.29 which1400.4 is,1400.57 off1401.29 Galen.1401.53 There1402.24 is1402.48 a1402.57 lab1402.72 that1402.97 was1403.05 approved,1403.29 and1404.48 that1404.72 would1405.37 be1405.68 subject1406.24 to1406.64 linkage1406.88 fees,1407.37 but1408.07 they're1408.15 not1408.39 gonna,1409.27 to1409.99 submit1409.99 a1410.39 building1410.47 for1410.95 a1411.11 building1411.19 permit1411.51 until1411.99 the1412.23 market1412.31 changes.1412.63 The1416.47 Alexandria1416.63 Real1417.43 Estate1417.75 has1418.79 a1419.03 master1419.19 plan1419.59 for1419.91 the1420.07 Watertown1420.23 Mall,1420.79 which1421.27 includes1421.43 five1422.07 labs.1422.39 Phase1423.36 one,1423.76 they're1423.99 going1424.23 in1424.47 for1424.71 a1425.28 site1425.28 plan1425.67 review1426.71 of1427.43 the1427.84 first1428.08 phase.1428.71 But,1430.23 you1430.63 know,1430.8 it,1431.36 there's1431.76 permitting1432.8 time1433.36 for1433.6 that1433.76 to1433.99 have1434.15 that1434.39 approved,1434.63 and1435.12 then1435.28 the1435.76 market1435.99 is1436.8 an1437.04 issue.1437.2 Even1438.29 for,1438.53 Alexandria,1439.73 they1440.53 have1440.69 to1440.85 decide1441.01 when1441.81 it's1442.13 appropriate.1442.29 And1443.17 then,1443.33 it1444.37 takes1444.53 time1444.77 to1445.01 build1445.09 labs.1445.41 So1445.97 for1446.61 all1446.85 those1447.01 reasons,1447.25 I1447.65 think1447.81 we1448.21 can1448.37 assume1448.61 20271449.09 is1449.89 the1450.05 earliest.1450.13
1454.27 COOK1454.27 -1454.27 Here1454.27 we1454.51 go.1454.66 How1454.99 we1455.14 structured1455.38 the1455.87 payment.1455.95 What1456.35 were1456.74 the1456.9 requirements1457.14 in1457.71 terms1457.87 of1458.11 payments?1458.27
1459.38 FIELD1459.38 -1459.38 Are1459.38 they1459.63 flat1460.11 or1460.42 No?1461.14 It1462.42 would1462.66 be,1462.9 11464.59 half1464.9 when1465.31 there1465.63 is1465.87 a1466.11 certificate1466.99 of1467.55 occupancy1467.71 for1469 building1469.8 any1470.28 part1470.52 of1470.68 the1470.76 building.1470.84 Right.1471.24 And1471.96 then1472.12 the1472.36 second1472.52 would1472.92 be1473.08 a1473.32 year1473.4 later.1473.56
1481.35 COOK1481.35 -1481.35 Is1481.35 anybody1481.51 reacting1482.31 to1482.87 the1483.11 agent's1483.27 scenarios1483.83 here?1484.38 I'm1485.42 familiar1485.59 with1487.51 all1487.83 of1487.98 them.1488.07 I1492.14 mean,1492.22
1492.38 UNIDENTIFIED1492.38 SPEAKER1492.38 -1492.38 I1492.38 guess1492.55 I1492.7 like1492.87 the1493.03 bounce1493.27 option.1493.99 Yeah.1494.63 I1494.87 mean,1494.95 we1495.03 don't1495.19 wanna1495.35 spend1495.51 all1495.75 our1495.91 money,1496.07 but1496.31 also1496.47 we1497.51 have1497.59 to1499.91 build1499.91 projects1500.31 that1501.35 are1501.51 going1501.67 on1501.91 and1502.87 needs1503.19 and1503.91 Yes.1504.47 And,1505.59 you1505.99 know,1506.15 future1507.99 projects1508.23 might1509.6 need1509.67 more1510.15 that1510.47 we1510.71 would1510.88 have1511.04 to1511.19 be1511.43 creative1511.67 with1512.08 the1512.15 other1512.23 sources1512.47 anyway.1512.88
1515.84 COOK1515.84 -1515.84 So1515.84 you're1516.08 saying1516.32 C?1516.63
1517.67 UNIDENTIFIED1517.67 SPEAKER1517.67 -1517.67 Yeah.1517.67 C.1518.47
1520.13 COOK1520.13 -1520.13 I1520.13 would1520.29 end1520.53 with1520.85 some1521.09 emergency1521.25 as1521.65 well.1524.21 Knowing1524.61 that1525.01 we1525.41 have1525.57 a1525.89 couple1525.97 of1526.29 things1526.29 that1526.69 we're1526.85 just1527.09 talking1527.65 about1527.89 even1529.57 in1529.81 a1529.97 year,1530.53 it1531.01 requires1531.17 some1531.81 financial1532.05 assistance.1532.53 Lucky.1533.49 It's1534.21 good.1534.37 Didn't1536.11 expect1536.51 it.1536.98 We1537.3 are1537.63 gonna1537.7 have1538.9 to1538.98 step1539.14 up1539.46 and1539.63 put1540.11 some1540.42 money1540.66 down1540.9 to1542.66 show1542.74 our1542.98 support.1543.14
1544.35 UNIDENTIFIED1544.35 SPEAKER1544.35 -1544.35 And1544.35 that1544.51 seems1544.74 not1545.07 right1545.22 because1545.46 if1546.35 we1546.59 get1546.74 more1546.9 money,1547.14 then1547.46 yeah,1548.17 I1548.41 would1548.57 find1548.81 that1549.13 future1549.29 project1549.77 in1550.09 the1550.25 future.1550.33 Right.1550.73
SHOW NON-ESSENTIAL DIALOGUE
UNIDENTIFIED1557.85 SPEAKER1557.85 -1557.85 I1557.85 just1558.01 have1558.25 a1558.41 question1558.49 about1558.97 the1559.21 predevelopment1559.37 reserve.1560.25 Seems1561.23 to1561.43 vary1561.63 between1562.2 the1562.67 options.1562.99 Can1564.12 you1564.28 explain1564.43 that1564.76 a1564.99 little1565.08 bit1565.32 more?1565.8
1567.72 FIELD1567.72 -1567.72 Right.1567.72 So,1568.12 it's1569.32 keeping1569.63 with1570.04 the1570.28 idea1570.43 that1570.84 if1571.39 you're1571.63 thinking1571.88 more1572.36 about1572.67 future1573.15 projects,1573.56 then1574.12 you1574.36 should1574.43 not1574.67 have1574.99 a1575.15 higher1575.32 predevelopment1575.63 reserve.1576.52 And1577.37 if1577.53 it's1577.61 balanced,1577.93 it's1578.33 kind1578.49 of1578.65 in1578.73 between1578.97 the1579.29 two.1579.45 Understood1580.09 that1580.57 the1581.13 exact1581.21 percentages1581.61 are1582.17 pretty1582.33 arbitrary.1582.65
SHOW NON-ESSENTIAL DIALOGUE
1591.89 COOK1591.89 -1591.89 Just1591.89 thinking1592.21 about1592.45 the1592.62 prebuilt1592.77 on1593.26 this1593.41 road1593.58 that1593.82 we1593.89 had1594.13 to1594.38 say1594.45 do1596.45 not1596.69 think1596.77 that1597.02 it's1597.1 a1597.41 bit1597.49 exciting.1597.65 Here's1598.05 a1598.25 cycle.1598.45 We're1599.41 interested.1599.58 We've1600.69 spent1600.93 some1601.17 money1601.34 at1601.58 Architects.1601.82 But1603.73 since1604.21 1,000,1604.53 let's1605.02 say,1605.26 some1605.49 money1605.73 for1606.13 basic1607.47 what1608.51 you1608.67 would1608.83 need,1609.07 which1609.79 could1609.87 be1611.07 25,1001611.23 to1612.27 5,000.1612.43 Yeah.1613.71 Is1614.03 there1614.19 anything1614.35 else1614.59 you1614.83 would1614.91 anticipate1615.07 at1616.51 this1616.75 stage?1617.07
FIELD1617.79 -1617.79 Anticipate?1617.79 No.1618.59 But,1618.83 there's1619.95 always1620.35 the1620.75 possibility1620.91 of1621.87 A1621.87 deposit.1621.95 Some1622.59 kind1622.88 of1622.97 a1623.09 deposit.1623.21 Yeah.1623.77 Or1626.01 there1626.16 may1626.33 be1626.57 some1626.81 other1627.05 form1627.53 of1627.92 due1628.24 diligence1628.49 we1629.05 would1629.61 wanna1629.77 do1630.01 in1630.24 a1630.33 pretty1630.4 good1630.73 case.1630.88 Yeah.1631.13 So1633.45 in1633.77 the1633.92 UK,1634.09 it's1634.4 a1634.64 pretty1634.73 good1635.37 potential.1635.45 Yes.1636.33 Or1637 potentially1637.16 more1637.64 than1637.88 11638.04 project1638.2 at1638.68 a1638.76 time.1638.84
1639.32 UNIDENTIFIED1639.32 SPEAKER1639.32 -1639.32 Yeah.1639.32 That1639.64 true.1639.88 It's1640.12 true.1640.28
FIELD1645.4 -1645.4 And1645.4 do1645.56 you1645.8 folks1645.88 wanna1646.2 continue1646.6 talking1647.24 about1647.64 this,1648.04 you1649.11 wanna1649.27 move1649.51 on1649.66 to1649.98 the1650.14 specifics1650.31 of1650.79 the1650.95 request1651.11 that1651.59 you're1651.74 going1652.07 to1652.31 receive1652.46 here1652.83 about1653.18 tonight?1653.59
1654.55 UNIDENTIFIED1654.55 SPEAKER-1654.55 Well,1654.55 that1654.71 might1654.87 help1655.11 inform.1655.35
UNIDENTIFIED1656.38 SPEAKER1656.38 -1656.38 So1656.38 Yeah.1656.71 This1657.03 is1657.27 theoretical.1657.59 Like,1658.22 what1658.38 it's1660.14 a1660.46 real1660.63 ask1661.03 and1661.35 what1661.51 we1661.74 Yeah.1661.98
1662.22 FIELD-1662.22 And1662.22 I1662.38 don't1662.46 remember.1662.71 The1663.51 project1663.66 is1663.98 theoretical.1664.14 Right.1666.12 Okay.1667.64 That1669.64 being1670.12 the1670.52 case1670.68 Yeah.1674.28 I1674.52 think1674.6 So,1678.48 moving1679.36 on1679.6 with1679.76 the1679.84 agenda.1680 We're1681.28 learning1681.43 here1681.76 from1682.08 preservation1682.32 and1683.52 affordable1683.6 housing1684.08 as1685.2 we1685.36 did1685.52 the1685.67 offer1685.84 for1686.08 the1686.24 local1686.39 park1686.8 redevelopment1686.96 or1687.67 the1687.72 county1687.76 housing1688.15 authority1688.56 property1689.28 over1689.52 there.1689.67 However,1691.46 representatives1691.7 here1692.26 just1692.42 introduced1692.66 themselves1693.14 to1693.54 the1693.7 public.1693.78 I1694.1 appreciate1694.26 that.1694.66 Oh,1695.54 thank1696.9 you.1697.14
SHOW NON-ESSENTIAL DIALOGUE
1736.51 MEL1736.51 MILLER1736.51 -1736.51 PRESERVATION1736.51 OF1736.51 AFFORDABLE1736.51 HOUSING1736.51 -1736.51 So,1738.35 hey,1738.59 everyone.1738.83 My1739.38 name1739.63 is1739.79 Mel1739.94 Miller.1740.27 I'm1740.59 a1740.66 project1740.83 manager1741.22 at1741.63 POA1741.79 or1742.11 Preservation1742.35 Affordable1742.9 Housing.1743.38 I1744.18 believe1744.35 my1744.74 colleague,1744.9 Corey1745.38 Meehan,1745.87 is1746.95 on1747.03 there.1747.19
SHOW NON-ESSENTIAL DIALOGUE
MILLER1763.3 -1763.3 And1763.3 then1763.54 online,1763.78 I1764.11 also1764.35 think1764.66 is1764.9 Jackie1765.07 Sullivan1765.46 of1766.02 the1766.18 Watertown1766.35 Housing1766.83 Authority.1767.14
1768.83 FIELD1768.83 -1768.83 So1768.83 I1769.07 did1769.14 see1769.3 Allen1769.54 Gallagher1769.87 who's1770.27 the1770.59 chief1770.66 of1771.22 the1771.3 Housing1771.38 Authority1771.7 Board.1772.18 So1772.51 I1772.66 was1772.83 surprised.1772.98 I1773.38 think1773.46 it1773.63 was1773.78 another1773.94 housing1774.27 authority1774.59 It's1775.15 what1775.39 I1775.55
1775.87 MILLER1775.87 -1775.87 I1775.87 think1776.03 maybe1776.27 someone1776.51 from1776.91 James1777.07 from1777.55 the1778.19 organization.1778.27
SHOW NON-ESSENTIAL DIALOGUE
MILLER1805.59 -1805.59 So1805.59 as1805.83 folks1806.07 know,1806.39 Tahoe1806.71 is1807.19 partnering1807.43 with1807.83 Watertown1807.99 Housing1808.47 Authority1808.79 on1809.27 the1809.51 redevelopment.1809.67 We're1810.95 sort1811.19 of1811.35 in1811.51 the1811.59 middle1811.75 I1812.31 think1812.47 this1812.71 is1812.95 a1813.11 coincidence,1813.27 but1813.75 we're1813.83 in1813.99 the1814.07 middle1814.23 of1814.39 our1814.47 2nd1814.63 round1814.95 of1815.11 community1815.35 meetings.1815.75 So1815.99 we1816.15 had1816.31 a1816.39 virtual1816.47 community1816.95 meeting1817.35 last1817.67 week.1817.91 We1818.53 have1818.68 a1818.73 meeting1818.77 tomorrow1819.24 in1819.72 person,1820.05 sort1820.85 of1821.09 running1821.24 through1821.48 the1821.57 updated1821.72 designs.1822.13 This1822.53 deck1822.68 is1822.92 more1823.09 or1823.24 less1823.33 the1823.57 same.1823.72 So1823.97 if1824.21 you1824.29 wanna1824.37 hear1824.61 it1824.77 again,1824.85 you're1825.09 welcome1825.24 to1825.57 come1825.72 to1825.88 the1826.05 Hosmer1826.21 School1826.45 tomorrow,1826.68 specifically1828.05 to1828.53 hear1828.61 our1828.77 architect1828.92 run1829.33 through1829.57 the1829.72 project1829.81 designs.1830.21
1831.09 But1831.09 tonight,1831.4 I1831.88 will1832.05 run1832.45 through1832.61 that1832.77 deck,1832.92 deck,1833.23 sort1833.39 of1833.55 touch1833.63 on1833.87 where1834.03 we1834.19 are1834.35 with1834.51 the1834.67 designs,1834.83 with1835.23 programming.1835.47 The1836.35 main1836.43 differences1836.67 will1837.15 focus1837.39 on1837.71 funding1837.87 both1838.27 in1838.51 terms1838.67 of1838.91 our1839.15 predevelopment1839.31 funding1839.95 and1840.35 then1840.43 our1840.67 full1840.75 project1841.07 funding.1841.39 I'll1842.03 say1842.27 upfront,1842.43 especially1842.75 since1843.15 it's1843.39 timely1843.55 following1843.87 Larry's1844.27 presentation.1844.59 Our1845.86 hope1846.1 tonight1846.34 is1846.65 for1846.89 the1847.05 Watertown1847.62 Affordable1848.1 Housing1848.41 Trust1848.82 to1849.05 contribute1849.3 to1849.69 our1849.86 predevelopment1850.02 efforts,1850.73 which1852.02 will,1852.34 of1852.58 course,1852.65 then1852.97 flow1853.21 into1853.54 the1853.86 overall1854.1 project.1854.58 I'll1856.41 save1856.58 questions1856.82 for1857.13 the1857.3 end.1857.38
SHOW NON-ESSENTIAL DIALOGUE
MILLER1860.64 -1860.64 So1860.64 just1860.96 our1861.36 agenda1861.52 for1862.24 tonight.1862.4 So1862.72 I1862.96 think1863.04 as,1863.28 you1863.68 know,1863.92 when1864.08 we1864.32 came1864.8 together1865.04 earlier1865.6 this1866 summer1866.16 back1866.56 in1866.72 June,1866.96 we1867.6 talked1867.84 about1868 where1868.24 we1868.48 were1868.56 with1868.8 the1868.88 designs,1869.04 and1869.36 the1869.6 designs1869.68 that1870 we1870.16 were1870.32 focusing1870.56 on1870.96 were1871.2 specifically1871.52 related1872.16 to1872.56 or1873.04 or1873.38 were1873.63 the1873.71 product1873.79 of1874.03 how1874.27 we1874.42 responded1874.66 initially1875.14 when1875.63 the1875.87 Watertown1876.11 Housing1876.59 Authority1876.83 requested1877.31 proposals.1877.79 And1878.66 so1878.83 we1879.07 sort1879.23 of1879.47 spent1879.71 the1880.11 past1880.35 few1880.66 months.1880.9 I'm1881.95 just1882.11 gonna1882.27 jump1882.59 ahead,1882.83 you1883.31 know,1883.47 processing1883.71 the1884.18 feedback1884.35 we1884.74 heard1884.99 from1885.23 residents1885.47 from1886.03 the1886.18 community,1886.42 from1886.99 the1887.47 trust1887.63 and1888.03 other1888.18 folks1888.89 at1889.05 the1889.29 city,1890.17 mainly1890.57 as1890.97 it1891.21 relates,1891.45 I1891.77 think,1891.85 as1892.01 you'll1892.17 see1892.33 in1892.57 the1892.73 designs,1892.89 right,1893.29 the1893.69 first1893.93 thing1894.17 was1894.33 that1894.57 as1894.81 it1894.97 related1895.21 to1895.61 the1895.93 project1896.09 overall1896.57 height,1896.97 the1898.25 size1898.49 of1898.81 the1898.89 unit.1899.05
1899.45 So1899.45 we1899.61 focused1899.85 a1900.25 lot1900.41 on,1900.73 you'll1901.77 see1902.03 that1902.19 we1902.36 increased1902.43 the1902.84 overall1902.99 number1903.32 of1903.47 affordable1903.71 apartments1904.12 we're1904.52 delivering,1904.6 but1904.99 we1905.15 also1905.32 increased1905.71 the1906.03 number1906.19 of1906.43 31906.52 bedroom1906.76 units.1907.08 That's1908.03 where,1908.19 like,1908.36 our1908.6 biggest1908.67 gain1908.99 was.1909.32 And1909.95 then1910.19 the1910.84 last1911.15 thing1911.39 I'll1911.63 say1911.79 is,1911.95 you1912.12 know,1912.27 we1912.43 heard1912.6 a1912.91 lot1912.99 about1913.23 parking1913.47 and1913.88 so1914.03 focusing1914.27 on1914.76 how1914.91 can1915.15 we1915.32 deliver1915.47 more1915.88 parking1916.12 across1916.52 the1916.91 redevelopment.1917.99 So1920.55 what1920.87 you1921.03 see1921.19 on1921.51 the1921.67 left1921.75 was1922.07 our1922.23 initial1922.47 design1922.79 strategy.1923.19 I1923.67 don't1923.75 I1923.99 mean,1924.07 do1924.39 folks1924.55 want1924.87 I'll1925.75 just1925.91 sort1926.07 of,1926.23 like,1926.31 gloss1926.55 over1926.79 the1927.03 design?1927.11 If1927.43 there1927.59 are1927.67 more1927.83 specific1927.99 questions,1928.39 I'm1928.71 happy1928.87 to1929.11 go1929.27 back.1929.43
1930.02 But1930.02 as1930.18 folks1930.35 may1930.66 remember,1930.9 right,1931.14 we1931.38 were1931.54 pulling1932.11 the1932.51 density1932.66 away1933.38 from1933.7 Quimby1934.11 where1934.51 it's1934.74 the1934.9 most1935.07 the1935.7 densest1935.87 residential.1936.42 And1937.07 so1937.22 what1937.46 you'll1937.63 see1937.94 with1938.11 our1938.35 current1938.51 design1938.74 strategy,1939.22 right,1939.63 is1940.11 a1940.26 mix1940.42 of1940.74 that1940.9 while1941.3 also1941.63 really1942.02 thinking1942.42 about1942.83 how1943.14 do1943.38 we1943.46 pull1943.78 these1944.02 buildings1944.26 together1944.83 both1945.61 in1945.93 a1945.97 way1946.01 that's1946.33 in1947.29 line1947.37 with1947.53 the1947.85 rest1948.01 of1948.25 the1948.41 neighborhood1948.49 fabric.1949.05 But1950.17 also1950.33 that1950.65 focuses1950.89 a1951.29 lot1951.37 on1951.53 the1951.61 green1951.77 space.1951.93 I1952.25 mean,1952.33 the1952.57 green1952.65 space1952.89 is1953.13 a1953.29 huge1953.45 asset1953.77 of1954.17 the1954.49 current1954.65 property.1955.05 And1955.69 so1955.93 wanting1956.17 to1956.49 make1956.57 sure1956.73 that1956.97 we1957.13 continue1957.29 to,1957.77 I1959.19 don't1959.27 know,1959.51 respect1959.67 and1960.08 enhance1960.32 that1960.63 relationship.1960.95 11962.39 thing1962.63 I'll1962.88 also1963.12 say1963.36 while1963.6 we're1963.84 on1963.99 the1964.08 current1964.23 design1964.47 strategy,1964.88 something1965.6 that1965.91 came1966.15 out1966.39 over1966.79 the1967.12 last1967.19 few1967.43 months1967.67 was1967.91 in1968.15 a1968.32 butter1968.39 who1968.63 was1968.88 interested1969.03 in1969.6 selling1969.84 to1970.32 the1971.12 redevelopment.1971.36
1972.08 And1972.08 so1972.32 you'll1973.03 see1973.36 here.1973.67 Right?1974.08 So1974.39 I'll1974.95 just1975.19 name1975.35 the1975.51 buildings.1975.59 Our1976.07 biggest1976.15 building1976.47 is1976.71 Building1977.35 A,1977.59 the1977.59 11977.67 across1977.91 the1978.23 street1978.39 is1978.71 Building1978.87 C.1979.35 And1979.83 then1979.99 the1980.23 1,1980.39 over1981.51 at1981.83 the1981.99 corner1982.07 of1982.55 Malendy1982.87 and1983.35 Nichols1983.51 is1983.99 Building,1986.31 B1986.63 sorry,1986.63 A,1987.51 B,1988.16 C.1988.16 And1988.16 so1988.33 you'll1988.57 see1988.8 that1989.04 the1989.37 footprint1989.68 of1990.09 building1990.24 B1990.72 has1990.96 been1991.2 expanded.1991.44 And1992.09 so1992.24 while1992.48 this1992.72 acquisition1992.96 has1993.68 not1993.92 been1994.24 in1994.57 check,1994.72 we're1995.04 pretty1995.28 far1995.52 along1995.77 and1996.09 are1996.24 feeling1996.4 fairly1997.28 confident1997.77 about1998.33 this1998.72 potential1999.04 acquisition.1999.61 And2000.09 so2000.24 all2000.48 the2000.72 designs2000.8 assume,2001.28 the2002.54 expanded2002.78 footprint2003.18 of2003.74 building2004.14 C.2004.62 Other2006.22 things2006.46 I2006.78 will2006.86 highlight2007.02 is2007.5 that2007.66 through2008.06 that2008.3 acquisition,2008.54 we're2009.02 also2009.34 able2009.66 to2009.98 expand2010.3 the2010.86 surface2011.02 parking2011.42 lot2011.74 behind2011.98 that2012.3 building.2012.46 We2013.82 still2013.98 have2014.3 parking2015.02 in2015.41 building2015.58 a's2015.98 podium.2016.22
2017.1 And2017.1 then2017.34 what2017.58 you'll2017.74 see2018.06 here,2018.22 and2018.46 it2018.54 will2018.62 be2018.86 flushed2018.93 out2019.26 a2019.41 little2019.5 bit2019.74 better2019.89 on2020.22 other2020.46 slides,2020.86 is2021.34 that2021.5 what2022.62 was2022.86 this2023.1 large2023.41 surface2023.82 parking2024.22 area,2024.62 which2024.93 is2025.1 currently2025.34 a2025.74 surface2025.89 parking2026.3 lot,2026.78 has2027.17 now2027.41 become2027.65 a2028.06 2-level2028.38 parking2028.78 deck.2029.26 And2030.3 so2030.46 where2030.78 folks2031.02 are2031.42 entering,2031.66 they2033.02 are2033.26 going2033.5 they're2033.9 entering2034.22 the2034.62 lower2034.78 level2035.1 off2035.58 of2035.82 Quimby2035.98 and2036.46 then2036.62 the2036.78 upper2036.94 level2037.26 off2037.66 of2037.82 Malendi.2038.06 Are2040.38 you2040.54 taking2040.7 advantage2041.1 of2041.5 the2041.66 natural2041.66 slope2042.06 there?2042.3 It's2042.54 a2042.7 great2042.78 question.2043.02 Yes.2043.34 We2043.64 are2043.81 taking2043.96 away2044.01 the2044.05 advantage2044.05 of2045.16 the2045.16 site's2045.33 elevations2045.57 you2046.92 know,2047.09 they're2047.88 at2048.13 play2048.36 throughout2048.68 the2049.01 site,2049.24 but2049.49 we2049.72 are2049.89 taking2050.13 advantage2050.53 of2051.01 the2051.16 elevations2051.32 in2051.89 that2052.05 area2052.2 to2053.01 do2053.97 the2054.13 2-level2054.45 deck.2054.77
2055.32 COOK2055.32 -2055.32 Sorry.2055.74 No.2056.06 What's2056.62 the2056.7 potential,2056.86 moderator2057.9 that2058.3 you2058.46 were2058.62 saying2058.7 is2058.94 next2059.18 to2059.4
2059.85 MILLER2059.85 -2059.85 It's2060.3 so2060.94 it's2061.1 95972061.42 Nichols.2062.46 And2063.82 I'll2064.06 also2064.38 say2064.78 we2065.1 talked2065.26 a2065.5 little2065.58 bit2065.74 about2065.9 the2066.06 group2066.14 home2066.38 as2066.62 well.2066.78 We2067.02 are2067.18 you'll2067.42 see2067.58 that2067.82 we're2067.98 showing2068.14 it.2068.46 That's2068.54 like2068.78 the2069.02 pinkish,2069.86 outline2071.05 structure2071.61 there2072.41 just2072.73 so2072.97 that2073.14 we2073.3 can,2073.38 like,2073.61 fully2073.86 understand,2074.26 right,2074.82 like,2075.05 what2075.61 exactly2075.86 is2076.34 the2076.57 impact2076.73 of2077.21 the2077.45 entire2077.86 redevelopment,2078.34 on2079.53 the2079.86 entire2080.01 neighborhood.2080.41 So2081.14 that2081.3 structure2081.45 doesn't2081.78 currently2082.09 exist2082.41 there.2082.65 It's2082.82 a2082.97 vacant2083.05 lot,2083.45 but2083.69
COOK2084.99 -2084.99 12084.99 of2085.15 the2085.31 question2085.39 in2085.87 this2086.03 slide.2086.19 I2086.51 know2086.99 I2087.55 have2087.63 questions.2087.63 They2088.03 were2088.11 asking2088.35 questions.2088.67 Next2090.27 to2090.51 adjacent2090.83 to2091.15 building2091.31 b,2091.55 you've2091.79 got2091.95 12092.19 parcel.2092.43 You've2092.91 marked2093.15 out2093.39 the2093.55 property2093.71 lines.2094.19
2097.45 MILLER-2097.45 Oh,2097.45 this2097.93 right2098.09 here?2098.26
2098.49 COOK-2098.49 Yeah.2098.49 I2098.58 just2098.66 want2098.89 to2098.97 read2099.05 any2099.38 significance2099.53 to2099.82 that.2100.09 No.2101.86 Okay.2102.49
2104.82 MILLER2104.82 -2104.82 If2104.82 anything,2105.05 though,2105.38 I2105.53 think2105.7 it2105.86 helps2106.01 me2106.49 understand2106.66 the2109.31 relationship2109.55 to2110.11 the2111.55 adjacent2111.63 parking2112.11 lots,2112.75 but2114.11 there's2114.35 no2114.59 significance2114.83 of2115.23 that2115.31 line.2115.55 It's2115.87 a2116.03 good2116.19 question.2116.43
SHOW NON-ESSENTIAL DIALOGUE
2118.59 UNIDENTIFIED2118.59 SPEAKER2118.59 -2118.59 Thank2118.59 you.2118.83 So2119.15 is2119.39 there2119.47 a2119.63 house2119.71 and2119.95 a2120.11 garage2120.19 on2120.59 that2120.83 neighboring2120.99 lot?2121.49
2121.66 MILLER2121.66 -2121.66 Yeah.2121.66 There's,2121.89 like,2121.97 a2122.22 house2122.3 that2122.78 is2123.02 722123.34 nickels,2123.82 I2124.3 wanna2124.45 say,2124.7 and2124.93 there's2125.02 a2125.34 house2125.49 in,2125.66 like,2125.89 a2126.86 shed2127.02 structure.2127.34
SHOW NON-ESSENTIAL DIALOGUE
LEO2131.26 PATTERSON2131.26 -2131.26 AFFORDABLE2131.26 HOUSING2131.26 TRUST2131.26 MEMBER2131.26 -2131.26 I2131.26 have2131.41 22131.66 questions.2131.89 With2133.26 the2133.41 increase2133.66 to2134.06 the2134.54 95,2134.78 and2135.34 972135.34 nickel2135.89 lot,2136.38 what2138.19 was2138.43 the2138.75 number2138.99 of2139.39 units2139.55 that2140.11 that2141.07 was2141.31 added?2141.55
MILLER2142.27 -2142.27 Yeah.2142.27 That's2142.59 a2142.75 good2142.91 question.2143.15 I2143.55 wanna2143.79 say,2144.11 I2145.39 can2145.55 show2145.71 the2146.19 exact2146.27 metrics2146.67 at2147.15 the2147.31 end,2147.47 but2147.79 it's2148.03 at2148.43 least,2148.67 I2150.89 wanna2151.05 say2151.28 it's2151.45 13,2151.76 but2152.16 it's2152.32 well2152.48 over2152.72 it's2153.45 over2153.61 a2153.93 dozen.2154.09
2155.36 PATTERSON2155.36 -2155.36 Okay.2155.36 So2155.68 even2156.01 though2156.57 you2156.8 have2156.89 an2157.13 inside2157.28 corner,2157.68 you2158.32 still2158.57 were2158.8 able2158.96 to2159.28 add2159.36 a2159.61 significant2159.76 number2160.32 of2160.57 units2160.72 through2161.13 the2161.36 addition2161.53 of2161.84 that2162.01 parcel?2162.24
2163.14 MILLER2163.14 -2163.14 Yeah.2163.14 And,2163.46 also,2164.18 in2164.58 a2164.82 few2164.9 slides,2165.22 we'll2165.54 show2165.78 where2166.18 we2166.42 were2166.5 when2166.82 we2167.06 responded2167.22 to2167.62 the2167.78 RFP,2167.94 with2169.14 1252169.54 units,2170.26 and2170.58 where2170.74 we2170.98 are2171.14 now2171.3 to,2172.34 spoil2173.54 it2173.94 for2174.02 everyone.2174.18 We2174.58 are2174.74 this2174.98 what2175.3 we're2175.62 currently2175.86 seeing,2176.26 what2176.5 we2176.74 go2176.9 what's2177.06 flushed2177.3 out2177.54 over2177.7 the2177.86 next2177.94 few2178.16 slides2178.32 is2178.57 a2178.64 total2178.8 of2179.13 a2179.29 1382179.61 units2180.01 and2182.09 1112182.97 parking2183.13 spaces.2183.53
2185.2 PATTERSON2185.2 -2185.2 Okay.2185.2 I'll2185.53 wait2185.68 for2185.93 your2186.09 subsequent2186.41 slides,2186.89 but,2187.29 I2188.16 do2188.32 have2188.49 a2188.64 question2188.72 about2189.13 your2189.45 initial2189.93 versus2190.41 current2190.8 design2191.29 strategy2192.01 for2192.49 the2192.64 parking2192.8 at2193.2 the2193.29 South.2193.45 Thanks.2193.81
MILLER2194.21 -2194.21 Okay.2194.21 Sounds2195.01 good.2195.33 I2199.41 think2199.65 we've2199.81 pretty2200.05 much2200.29 covered2200.61 all2201.09 of2201.33 this2201.41 on2201.65 the2201.81 last2201.97 side.2202.21 You2202.45 just2202.61 see2202.85 how2203.01 the2203.25 buildings2203.33 relate2203.81 to2204.13 one2204.21 another2204.37 and2204.85 how2205.01 they2205.17 relate2205.41 to2205.81 the2206.21 large2206.37 open2206.77 space.2207.17 And2208.78 we2209.01 see2209.18 the2209.41 parking2209.66 that2210.05 exists2210.3 both2210.93 associated2211.66 with2212.22 the2212.61 two-level2213.01 parking2213.34 deck,2213.66 the2213.97 parking2214.05 and2214.38 building2214.53 ace2214.86 podium2215.01 and2215.57 then2215.74 behind,2216.05 the2218.05 building2218.22 at2218.53 the2218.7 corner2218.78 of2219.26 Nichols2219.34 and2219.82 Malindi.2219.89 Sorry.2221.26 I2221.38 realized2221.49 they're2222.14 all2222.38 at2222.53 the2223.21 corner2223.21 of2223.37 Nicholas2223.53 and2223.69 Melendy2223.85 in2224.25 some2224.33 capacity.2224.49 And2226.65 then2226.73 in2226.97 terms2227.13 of2227.45 just2227.53 you'll2227.85 see2228.09 how2228.33 the2228.57 building2228.73 starts2229.05 to2229.29 feel2229.37 in2229.69 a2229.85 few2229.93 slides.2230.17 But2230.57 in2230.81 terms2230.97 of2231.29 height,2231.53 again,2232.73 we're2233.05 able2233.45 to2233.69 use2233.93 elevations2234.33 here.2235.13 So2235.53 even2236.18 though2236.41 building2236.45 B2236.49 is2237.14 four2237.61 stories2237.93 up2238.41 against2238.57 the2238.97 722239.14 nickels2239.7 of2240.09 butter,2240.26 it2240.73 comes2241.22 out.2241.45
2241.7 So2241.7 that2241.93 building2242.26 is2242.57 three2242.82 stories,2243.05 but2243.61 the2243.86 elevations2243.93 make2244.66 it2244.82 seem2244.97 that2245.14 the2245.3 two2245.45 top2245.7 levels2245.93 are2246.26 meeting2246.97 each2247.38 other.2247.53 And2248.51 then2248.67 building2249.15 a2249.71 is2250.11 at2250.35 its2250.51 highest2250.67 62251.07 stories2251.31 with2251.63 a2251.79 step2251.95 down2252.11 to2252.35 five,2252.51 particularly2252.83 where2253.47 it2253.71 meets2253.95 it's2254.51 up2254.67 against2254.91 the,2255.31 like,2255.55 greatest2255.87 residential2256.27 density.2257.15 And2258.19 then2258.35 building2258.59 C2259.31 is2259.87 also2260.11 four2260.75 stories.2260.99 On2264.59 this2264.76 slide,2264.99 we2265.24 started2265.32 to2266.52 think2266.59 about2266.84 how2267.16 the2267.39 buildings2267.47 are2267.8 being2267.95 programmed,2268.28 and2268.76 so2268.99 all2269.24 buildings2269.47 will2269.95 have2270.2 bike2270.59 parking,2270.84 shared2271.32 laundry,2271.64 and2272.2 mail2272.36 rooms,2272.59 as2273.95 was2274.2 true2274.43 when2274.68 we2274.84 met2274.99 in2275.24 June,2276.01 right2276.25 now,2276.25 we're2276.25 focusing2276.49 on2277.29 the2277.29 majority2277.61 of2278.17 the2279.13 residential2279.45 amenities.2280.09 So2280.65 the2280.89 community2281.13 space,2281.61 the2282.01 learning2282.25 center,2282.57 the2283.69 management2283.93 offices2284.41 in2284.89 our2285.13 largest2285.37 building.2285.93
2288.61 And2288.61 so2288.84 these2289.16 are2289.41 just2289.57 some,2289.72 like,2289.81 precedent2290.05 images2290.45 of2290.84 what2290.93 these2291.09 spaces2291.24 may2291.64 look2291.81 like.2292.05 But2292.2 as2292.45 a2292.61 reminder,2292.77 while2294.2 Willow2294.68 Park2295.01 doesn't2295.24 currently2295.64 have2296.13 a2296.29 full-time,2297.89 full-time2298.29 on-site2298.29 management,2298.93 property2299.49 management2299.89 team,2300.36 and2300.93 property2303.05 management2303.21 team2303.45 and2303.77 maintenance2303.85 staff,2304.17 the2304.49 redevelopment2304.73 will,2305.45 along2305.69 with2305.93 the2306.09 community2306.17 impact2306.65 coordinator,2306.97 deliver2307.61 resident2308.01 services2308.41 to2308.97 the2309.53 Will2309.69 Park2309.93 residents.2310.17 I2314.01 don't2314.09 know2314.33 who2314.57 was2314.73 asking2314.89 the2315.13 question2315.21 before.2315.45 Leo,2315.77 maybe?2316.01 Leo.2316.33 Okay.2316.65
2318.47 So2318.47 these2318.8 are2319.03 just2319.19 sort2319.36 of,2319.51 you2319.76 know,2319.99 comparing2320.32 what2321.36 we2321.51 see2321.76 here2321.91 is2322.07 a2322.23 few2322.32 things.2322.47 First2322.8 of2323.03 all,2323.11 we2323.36 see,2323.59 you2324.07 know,2324.23 the2324.47 difference2324.64 of2325.03 the2325.19 1252325.51 units,2326.23 which2326.64 we2326.8 were2326.88 initially,2327.11 conceptualizing2327.99 to2328.88 now2329.03 what2329.59 we're2329.84 looking2330.23 at,2330.64 which2330.95 is2331.11 the2331.28 138.2331.51 We2333 also2333.16 see2333.56 how2334.12 we2334.68 increased2335 the2335.48 132335.64 units2336.04 focusing2336.52 on,2337 we2337.24 added,2337.48 I2337.96 want2338.12 to2338.28 say2338.36 832338.76 bedrooms2339.32 or2340.36 12340.68 bedroom2340.92 and2341.48 then2341.64 12342.04 studio2342.36 and2343.64 then2343.8 just2344.04 taking2344.28 a2344.6 step2344.68 back,2345 right,2345.24 and2345.48 thinking2345.64 about2346.04 the2346.76 current2346.91 units2347.32 and2347.64 then2347.88 what2348.04 we're2348.2 adding,2348.52 we're2349.24 keeping2350.04 those2350.52 60,2350.84 the2352.43 602352.52 public2352.84 housing2353.16 units,2353.55 which2353.95 will2354.2 all2354.52 continue2354.76 to2355.24 be2355.32 deeply2355.88 affordable2356.36 to2356.84 the2356.99 very2357.24 low-income2357.64 folks2357.95 who2358.36 reside2358.59 there2358.99 or2359.16 who2359.32 will2359.47 reside2359.72 there.2360.04 And2360.61 then2360.77 we're2360.93 adding2361.09 782362.13 apartments,2362.61 which2363.81 will2363.97 all2364.13 be2364.29 affordable2364.45 to2365.01 folks2365.25 making2365.57 no2365.97 higher2366.13 than2366.37 80%2366.61 of2367.41 the2367.57 area's2367.97 median2367.97 income.2368.37
2369.41 COOK-2369.41 Will2369.41 they2369.57 set2370.85 set2371.17 a2371.49 meeting?2371.57 Otherwise,2371.97 it's2372.53 set2372.69 at2372.93 18%.2373.01 Yeah.2374.74 So2374.82 we're2374.94 in2375.63 various2375.7 tiers.2376.18
2376.59 MILLER2376.59 -2376.59 It2376.59 will2376.74 be2376.91 various2377.07 tiers.2377.39 Okay.2377.86 And2379.47 then2379.55 you'll2379.79 also2380.03 see,2380.43 right,2380.66 the2381.07 impact2381.47 of2381.95 adding2382.18 the2382.91 parking2383.95 spaces.2384.51 So2384.99 we're2385.14 going2385.47 from2385.79 what2386.11 was2386.27 previously2386.51 692387.07 to2387.63 1112387.95 now2388.82 and2389.46 bringing2389.78 up2389.86 the2390.1 parking2390.34 ratio2390.66 to2391.14 0.80.2391.46 So2398.74 this2398.98 is2399.14 sort2399.3 of2399.54 how2399.94 the2400.18 building2400.34 starts2400.74 to2401.06 feel.2401.78 So2402.1 we2402.34 can2402.5 see2402.66 right2402.98 where2403.22 the2404.14 largest2404.46 building2404.78 is2405.11 at2405.34 62405.59 in2405.74 the2405.91 back,2406.07 but2406.3 stepping2406.46 down2406.86 to2407.11 five2407.34 as2408.07 it2408.22 fronts2408.46 the2408.7 streets2408.86 and2409.43 then2409.59 the2409.82 two2409.98 other2410.22 buildings2410.55 at2411.11 four2411.26 stories.2411.51 You2412.46 also2412.7 can2413.82 start2414.14 to2414.46 see2414.63 how2414.86 maybe2415.11 the2415.43 2-level2415.74 parking2416.07 deck2416.46 will2416.63 feel,2416.86 but2417.11 I'll2417.26 say2417.43 we2417.66 have,2417.91 we're2418.69 still2418.85 working2418.93 on,2419.33 you2419.49 know,2420.29 figuring2420.61 that2420.93 out2421.09 as2421.41 we2421.57 better2422.29 understand2422.69 the2423.33 elevations2423.57 and2424.37 various2425.17 due2425.49 diligence2425.73 work.2426.29 Yes?2427.09
2427.65 LEON2427.65 -2427.65 That's2427.65 a2427.89 quick2428.05 question.2428.29 I2428.49 don't2428.69 wanna2429.41 get2429.65 too2429.97 sidetracked,2430.37 but2430.93 I2431.25 believe2431.33 that2431.73 you2432.32 know,2432.47 acquisitions2433.52 that2434.08 are2434.32 possible,2434.47 which2434.88 allowed,2435.11 which2436.39 is2436.64 next2436.8 to2437.11 the2437.28 special2437.99 needs2438.39 housing.2439.04 I2439.43 guess2439.68 105103.2440.16
SHOW NON-ESSENTIAL DIALOGUE
2441.99 LEON2441.99 -2441.99 1032441.99 nickels.2442.47 I2443.52 mean,2443.68 1032443.91 nickels2444.32 are2444.64 special2444.8 needs.2445.2
2445.76 MILLER2445.76 -2445.76 Yeah.2445.76 That's2445.99 the2446.24 group2446.39 home.2446.64 Yeah.2446.8
2447.91 LEON2447.91 -2447.91 I2447.91 know2447.99 one2448.23 of2448.31 the2448.39 things2448.55 they2449.35 were2449.51 going2449.67 through2449.99 that2450.47 they2450.79 were2450.95 concerned2451.35 about2451.67 a2451.87 little2452.07 bit2452.31 being2452.55 hemmed2452.87 in2453.19 there.2453.43 You2453.67 know,2453.83 that2453.99 property2454.23 is2454.55 very2454.63 tight.2454.95 And2455.59 I2455.71 don't2455.83 know2456.07 if2456.23 this2456.39 will2456.63 allow2456.87 any2457.19 flexibility2457.51 between2458.23 those2458.79 two,2459.11 you2460.47 know,2460.63 between2460.95 those2461.35 two2461.59 you2463.09 know,2463.16 those2463.41 two,2463.64 buildings2464.61 or2465.01 projects.2465.24 You2465.64 know?2465.81
2466.2 MILLER2466.2 -2466.2 Yeah.2466.2 It's2466.53 a2466.77 great2466.93 question2467.16 that2468.45 I'm2468.68 excited2469.16 to2469.57 explore.2469.81 I2470.29 know2470.45 what2471.57 I2471.97 like2472.2 about,2472.93 you2473.49 know,2473.64 looking2473.97 at2474.29 the2474.45 site2474.61 is2474.93 that2475.09 I2475.32 think2475.49 that2475.64 this2475.89 works2476.05 well2476.8 for2477.04 the2477.28 units2477.36 that2477.68 we're2477.84 proposing2478.08 and2478.56 for2478.72 the2478.88 parking2479.04 spots2479.36 we2479.68 can2479.84 bring2480 on-site.2480.24 But2480.96 I2481.2 think2481.28 it's2481.68 also2481.92 a2482.32 great2482.4 opportunity2482.72 to2483.2 explore2483.36 some2484.64 sort2484.88 of2485.04 parking2485.2 solution2485.6 or2486 maybe2486.16 think2486.4 more2486.8 about2487.04 how2487.36
2489.18 LEON2489.18 -2489.18 It2489.18 just2489.18 well,2489.34 I'm2489.49 sorry.2489.57 Of2489.89 JV2490.06 treatment2490.45 just2490.93 because2491.26 I2491.49 know2491.57 that2491.74 that2491.89 was2492.06 12492.22 of2492.45 the2492.54 main2492.78 concerns2493.18 with2493.57 CTC.2493.82 Yeah.2494.45 But,2495.34 anyway,2495.49 I2495.89 wanna2495.97 I2496.3 just2496.38 as2496.54 long2496.61 as2496.86 somebody's2496.93 Yes.2497.57
2497.74 MILLER2497.74 -2497.74 We're2497.74 thinking2498.3 about2498.7 it.2498.93
2499.74 UNIDENTIFIED2499.74 SPEAKER2499.74 -2499.74 And2499.74 with2499.89 the2500.14 2-story2500.7 parking,2501.18 how2501.57 does2501.82 it2501.97 change2502.3 the2502.61 current2503 traffic2503.32 patterns2503.8 that2504.28 are2504.36 there?2504.6
2505.24 MILLER2505.24 -2505.24 It2505.24 wouldn't2506.2 based2507.24 on2507.56 the2507.72 current2507.8 traffic2508.12 patterns.2508.52 Because2510.12 both2510.36 the2510.68 streets2510.76 are2511.16 currently2511.32 two2512.04 ways.2512.76 And2513.96 there's2516.64 the,2517.13 off2518.64 of2518.89 Quinby,2518.97 at2519.45 least2519.53 there's2519.76 already2519.93 that2520.24 entrance2520.49 to2520.89 the2520.97 parking2521.13 lot.2521.45
2523.68 COOK2523.68 -2523.68 So2523.68 the2524.01 entrance2524.24 office2524.89 at2525.28 Melodie?2525.36 Yes.2526.01 And2527.73 the2527.89 construction2528.13 would2528.61 be2528.85 podium2529.01 style?2530.05
MILLER2530.69 -2530.69 At2530.69 least2530.93 for2531.09 building2531.25 a.2531.65 Yes.2531.81
2532.05 COOK2532.05 -2532.05 Okay.2532.05 Those2532.45 might2532.69 be2532.85 with2533.01 you.2533.01
2535.33 MILLER2535.33 -2535.33 Yeah.2535.33 I2535.57 think2535.65 the2535.81 buildings2536.13 for2536.69 the2536.85 Yeah.2537.33 We2537.57 currently2537.81 have2538.13 some2538.37 flexibility.2538.53 With2539.33 products.2539.57 And2543.68 then2543.93 just2544.09 one2544.33 more2544.49 conceptual2544.81 drop2546.24 drawing2546.49 in2546.89 terms2546.97 of2547.2 how2547.36 the2547.53 buildings2547.68 feel.2548.09 You2549.05 know,2549.29 we're2549.45 adding2549.68 the2550.01 second2550.24 plaza2550.72 in2551.36 front2551.53 of2551.77 building2551.85 a2552.33 to2552.57 sort2552.64 of,2552.81 you2553.36 know,2553.53 better2553.77 connect,2554.09 I2554.5 think,2554.58 the2554.74 other2554.98 two2555.22 buildings2555.46 to2556.1 both2556.66 that2557.06 space2557.3 and2557.62 then2557.78 into2557.94 the2558.18 amenities2558.42 in2559.06 the2559.14 building2559.3 itself.2559.7 I2561.3 also2561.54 know2561.78 that2562.02 there's2562.18 a2562.42 bus2562.98 stop2563.3 at2563.7 the2563.86 front2563.94 of2564.18 this2564.34 building2564.5 for2564.98 the2565.94 grade2566.34 schools.2566.66
2567.68 So2567.68 also2567.99 just2568.47 thinking2568.8 more2569.36 about2569.59 the2570.47 buildings2570.64 relating2571.11 to2571.51 each2571.76 other2571.91 in2572.23 the2572.39 neighborhood.2572.55 There2576.47 are2576.64 no2576.72 questions2576.88 on2577.11 design.2577.28 I'm2577.59 gonna2577.76 jump2577.91 into2578.16 financing.2578.47 So2581.77 our2582.09 anticipated2582.33 total2582.97 right2583.37 now,2583.53 I'll2583.85 say,2583.93 mirrors2584.41 what2584.89 we2584.97 talked2585.21 about2585.45 in2585.77 June.2585.93 I2587.29 was2587.61 wary2587.85 of2588.17 putting,2588.33 like,2588.65 an2588.89 acquisition2589.05 cost2589.61 before2589.93 we2590.33 finalized2590.57 the2591.29 deal2591.45 with2591.77 the2592.01 butter2592.17 even2592.65 though,2592.89 see2594.34 the2594.51 designs2594.66 that2595.07 do2595.3 reflect2595.46 that.2595.78 So2596.66 we're2596.98 still2597.3 working2597.63 on2597.94 what2598.18 exactly2598.42 acquisition2598.98 cost2599.63 may2599.94 look2600.18 like.2600.42
2600.42 But2601.14 I2601.55 think2601.63 in2601.86 terms2602.03 of2602.26 focusing2602.42 for2603.14 for2603.63 a2603.86 second2603.94 on2604.26 predevelopment,2604.51 we2605.78 will2606.03 hopefully2606.26 we2606.74 will2606.82 do2607.07 a2607.3 good2607.39 amount2607.55 of2607.86 pre-construction2608.57 work2608.97 before2609.29 we2609.69 close,2610.09 on2611.29 the2611.45 project's2611.61 financing.2612.09 We'll2613.13 also2613.37 have2614.01 several2614.97 soft2615.53 costs2615.85 that2616.17 I2616.57 further2616.73 detail2617.13 on2618.73 this2618.89 slide.2619.13 So2619.45 particularly2619.85 focus2620.49 right2620.89 on2621.21 getting2622.09 these2622.41 designs2622.89 designed,2623.45 getting2623.93 the2624.24 project2624.41 permitted,2624.8 eventually2625.93 getting2626.41 the2626.64 project2626.72 funded,2627.29 and2628.24 then2628.41 along2628.72 with2629.05 financing2629.36 fees,2629.93 relocation,2630.41 and2631.53 various2631.93 due2632.32 diligence2632.49 items2632.97 like2633.45 environmental2633.77 work.2634.41
COOK2635.99 -2635.99 Is2635.99 that2636.15 enough2636.39 money2636.55 for2636.87 relocation?2636.95
2638.39 MILLER2638.39 -2638.39 I2638.39 think2638.47 it's,2638.71 you2639.03 know,2639.27 I'll2640.31 say2640.47 all2641.03 these2641.35 costs2641.99 and2642.39 line2642.63 items2642.87 are2643.27 ever2643.51 moving2643.83 and2644.71 these2645.03 are2645.35 our2645.59 current2645.75 estimates.2646.15 I2646.63 think2646.79 this2647.93 depends2648.24 on2648.64 the2648.89 scope2649.05 and2649.36 what2649.53 exactly2649.68 our2650.09 closing2650.24 timeline2650.57 will2651.13 look2651.28 like,2651.53 but2651.76 for2652.01 now,2652.16 based2653.2 on2653.53 other2653.84 similar2654.24 projects2654.72 is2655.68 our2655.84 best2656.01 estimate.2656.24
2657.36 UNIDENTIFIED2657.36 SPEAKER2657.36 -2657.36 Well,2657.36 do2657.53 you2657.76 move2657.84 everybody2658.09 out2658.64 at2659.2 once?2659.36
2659.93 MILLER2659.93 -2659.93 We2659.93 would.2660.16 So2660.48 we'll2660.64 move2660.8 everyone2661.13 out2661.53 before2661.68 construction2662.09 starts.2662.72 Probably,2664.3 like,2664.78 not2665.1 everyone's2665.34 gonna2665.74 move2665.98 out2666.14 on2666.38 the2666.46 same2666.62 day,2666.78 but2667.02 hopefully,2667.26 everyone's2667.74 moving2668.22 more2668.7 or2668.86 less2669.02 within2669.5 the2669.9 same2670.06 few2670.38 weeks2670.7 or2671.02 at2671.66 most2671.9 a2672.94 few2672.94 months.2673.5 Yes.2675.18
2676.06 COOK2676.06 -2676.06 So,2676.06 staying2677.66 on2677.89 relocation2678.05 again.2678.7 While2679.18 tenants2679.49 are2679.97 relocated,2680.3 will2681.01 they2681.18 be2681.34 receiving2682.05 vouchers,2682.86 or2683.49 that2685.01 this2685.26 seems2685.41 low2686.14 to2686.38 me?2686.53 We2686.93 think2687.09 about2687.26 the2687.49 rents2687.57 for2687.89 602688.14
2689.57 MILLER2689.57 -2689.57 This2689.57 is2689.73 like,2689.89 I'm2690.16 not2690.4 anticipating2690.56 the2691.28 300,0002691.52 to2692.32 hold2692.48 us2692.72 through2692.96 wall2693.28 construction.2693.52 It's2694.16 until2694.32 we2695.28 close2695.52 on2696 the2696.16 full2696.8 project.2697.12 Right?2697.52 So2697.76 we're2698 only2698.24 paying2698.56 rent2698.88 for2699.12 several2699.76 months.2699.84 We're2700.16 helping2700.32 families2700.64 move.2701.2 I2702.16 think2702.32 you'll2702.56 see2702.8 the2702.96
2703.28 UNIDENTIFIED2703.28 SPEAKER2703.28 -2703.28 The2703.28 construction2703.36 phase2704 would2704.48 score2704.8 update2705.57 for2705.89
MILLER2707.09 -2707.09 Yeah.2707.09 I2707.34 wanna2707.41 say2707.74 our2707.97 full2708.14 relocation2708.45 budget2709.09 and2709.49 Corey,2709.82 maybe2710.22 you2710.38 remember2710.45 better2710.86 than2711.09 me,2711.26 but2711.41 I2711.57 think2711.74 our2711.89 full2712.14 relocation2712.38 budget2712.86 is2713.09 closer2713.26 to2713.57 $3,000,0002713.66 for2714.45 the2714.61 full2714.78 project.2715.02
2715.41 UNIDENTIFIED2715.41 SPEAKER-2715.41 Makes2715.41 a2715.54 lot2715.66 of2715.97 sense.2716.05 Yeah.2716.45
2717.02 MILLER2717.02 -2717.02 This2717.02 is2717.26 just2717.41 until2717.74 our2718.05 predevelopment2718.22 period2718.86 is2719.18 basically2719.34 since2720.44 we2721.32 were2721.4 selected2721.72 as,2722.52 Watertown2724.2 Housing2724.6 Authority's2724.92 partner2725.4 until2725.8 we2726.2 close2726.52 on2727 the2727.72 full2727.96 project2728.28 financing.2728.84 Okay.2729.56 And2730.2 so2730.44 on2730.76 that2731 note,2731.4 this2732.28 sort2732.44 of,2732.68 you2733 know,2733.16 our2733.4 full2733.64 project2733.88 fund2734.28 financing,2734.52 sorry,2735.24 beating2735.56 the2736.14 $90,000,0002736.22 figure2739.74 here.2740.14 But2740.45 what2740.7 you2741.34 know,2741.49 we2742.22 have2742.38 this2742.7 anticipated2743.26 predevelopment2743.89 period2744.61 of2745.01 roughly2745.18 $3,200,000,2745.49 and2747.66 as2747.97 of2748.22 right2748.38 now,2748.53 those2749.66 invoices2750.38 and2750.78 that2751.02 funding2751.26 are2751.58 being2751.74 advanced2751.98 by2752.38 POA2752.54 that2752.86 would2753.02 be2753.18 repaid2753.42 by2753.74 other2753.9 sources2754.14 at2754.54 closing.2754.7
2755.82 And2755.82 the2756.22 current2756.46 ask2756.94 today2757.42 is2758.54 looking2759.26 to2759.58 the2759.74 city2759.9 of2760.14 Watertown2760.3 through2760.78 the2760.94 affordable2761.18 housing2761.58 trust2761.9 to2762.14 support2762.38 our2762.7 predevelopment2762.78 efforts2763.5 for2764.38 $400,0002764.54 I'll2766.78 say2767.09 I2767.49 don't2767.57 know2767.74 if2767.82 this2767.89 is2768.05 clear2768.22 to2768.45 folks.2768.53 Right?2768.78 But2769.02 the2769.97 $24,0002770.14 isn't2771.34 asking2771.66 for2771.97 400k2772.78 now,2773.09 and2773.34 then2773.49 at2773.74 closing,2773.89 it's2774.53 that2774.7 $400,0002774.86 that2775.82 would2776.05 then2776.22 be2776.45 folded2776.61 into2776.93 our2777.18 full2777.34 project2777.57 budget2777.97 that's2778.22 contributing2778.53 to2779.02 the2779.18 overall2779.34 development2779.74 being2780.3 built.2780.53 And2781.73 then2782.53 explain2782.69 to2782.89 them2783.09 why2783.41 however2783.89 redevelopment2784.29 goes2784.93 into2785.17 almost2785.57 3,000,0002785.89 to2786.53 0.2786.69 Because2787.09 that's2787.33 POA2787.57 advancing.2788.13 Like,2788.77 that's2789.17 POA2789.49 advanced2789.81 funds.2790.29
COOK2790.61 -2790.61 So2790.61 you2790.69 get2790.85 everything.2790.93 Yes.2791.65 That's2792.29 part2792.53 of2792.77 your2792.93 fee2793.09 essentially?2794.29
2797.29 MILLER2797.29 -2797.29 No.2797.29 I2797.84 don't2797.93 No.2798.16 Separate.2798.97 Well,2800.01 that's2800.32 just2800.57 Corey,2800.8 do2801.05 you2801.2 mind2801.29 taking2801.61 that?2801.93
2802.72 CORY2802.72 MIAN2802.72 -2802.72 PRESERVATION2802.72 OF2802.72 AFFORDABLE2802.72 HOUSING2802.72 -2802.72 (R)2802.72 Yeah.2802.72 It's2802.89 not2803.05 exactly2803.29 part2803.93 of2804.16 our2804.32 fee,2804.49 but2804.72 that2804.8 is2804.97 why2805.2 we2805.36 make2805.53 a2805.68 fee.2805.93 Right?2806.32 And2807.45 sorry2807.77 you2808.09 guys2808.16 Your2808.75 faces2808.99 are2809.23 tiny2809.39 on2809.95 this2810.19 little2810.35 screen.2810.59 Oh,2810.99 there.2811.07 I2811.23 made2811.31 you2811.55 bigger.2811.63 You2814.03 know,2814.19 that's2814.43 just2814.75 that2815.15 that's2815.71 those2816.27 are2816.59 caught2816.75 those2817.07 are2817.23 it's2817.47 like2817.55 we2817.79 are2817.95 providing2818.03 a2818.43 bridge2818.51 loan.2818.91 Right?2819.47 So2819.79 we2819.95 are2820.11 providing2820.19 a2820.59 $2,900,0002820.67 predevelopment2822.11 loan2822.67 from2822.91 POA's2823.15 corporate2823.55 resources,2823.95 and2825.13 that's2825.2 12825.36 of2825.61 the2825.68 many2825.77 reasons2826.01 why2826.33 we2826.57 earn2826.64 a2826.89 developer2827.05 fee.2827.45 But2827.93 it's2828.16 not2828.33 the2829.53 same2829.61 as2829.93 our2830.09 developer2830.16 fee.2830.49
2830.85 UNIDENTIFIED2830.85 SPEAKER2830.85 -2830.85 Does2830.85 that2831.2 make2831.45 sense?2831.53
SHOW NON-ESSENTIAL DIALOGUE
MIAN2833.29 -2833.29 Say2833.29 it2833.45 one2833.61 more2833.77 time.2833.93
2834.33 UNIDENTIFIED2834.33 SPEAKER2834.33 -2834.33 I'm2834.33 not2834.49 questioning2834.72 whether2835.13 or2835.36 not2835.45 you2835.61 deserve2835.77 a2835.93 fee.2836.09 That's2836.24 not2836.49 the2836.64 question.2836.72 Just2837.13 trying2837.29 to2837.53 figure2837.61 out2837.93 what2838.01 the2838.16 relationship2838.33 is.2838.89 So2839.05 that's2839.2 essentially2840.02 a2840.18 loan2840.34 and2840.74 how2840.82 are2840.98 some2841.14 of2841.38 the2841.46 soft2841.54 costs2841.78 upfront?2842.1
MIAN2843.54 -2843.54 Correct.2843.54
2844.42 UNIDENTIFIED2844.42 SPEAKER2844.42 -2844.42 Okay.2844.42 Alright.2844.82 That2845.3 makes2845.7 more2845.94 sense.2846.18 Thank2846.5 you.2846.66
SHOW NON-ESSENTIAL DIALOGUE
MILLER2850.82 -2850.82 And2850.82 with2851.06 the2851.3 city's2851.46 redevelopment2851.86 funds2852.42 being2852.74 structured2852.9 as2853.3 a2853.46 loan?2853.54
FIELD2856.82 -2856.82 Let2856.82 me2857.07 answer2857.22 that.2857.47 Yes.2857.7 In2862.82 a2863.22 similar2863.39 situation2863.79 in2864.27 the2864.34 past,2864.51 it2864.82 was2864.91 a2865.14 grant.2865.22 And2868.02 in2868.26 this2868.98 situation,2869.38 that2871.54 would2871.78 make2872.02 sense.2872.26 There2873.3 would2873.54 be2873.7 a2873.86 grant.2873.94 Understood.2878.18 This2878.42 is2878.58 supposed2878.74 to2879.06 be2879.14 a2879.38 part2880.18 of2880.34 a2880.5 local2880.58 match.2881.06 One2883.16 of2883.39 the2883.47 virtues2883.64 of2884.03 a2884.2 local2884.28 match2884.59 is2885.55 to2885.8 get,2885.95 federal2887.55 and2887.95 state2888.03 resources,2888.36 and2889.07 it2889.32 doesn't2889.39 work2890.03 to2890.59 say,2890.84 we,2893.32 the2893.64 locality,2893.8 are2895.46 loaning2895.62 400,0002896.02 now.2896.82 We2897.14 want2898.34 federal2898.5 and2898.98 state2898.98 resources2899.22 to2899.62 pass2899.86 back.2900.1
2903.14 UNIDENTIFIED2903.14 SPEAKER2903.14 -2903.14 Because2903.14 those2903.54 other2903.78 resources2904.1 wanna2905.62 see2905.94 skin2906.34 indicated2906.9 from2907.46 the2907.7 water.2907.78
2908.74 MILLER2908.74 -2908.74 Right.2908.74 I2909.56 was2909.72 just2909.8 wondering2909.95 from2910.36 a2910.6 full2910.68 project2912.04 financing2912.36 perspective,2912.99 if2913.47 there'd2913.47 be2913.64 a2914.11 reason2914.2 to2914.6 have2914.68 it2914.84 as2915.04 a2915.24 soft2916.28 loan2916.52 versus2916.84 a2917.16 grant.2917.24
FIELD-2918.76 Well,2918.76 I2919.08 mean,2919.16 if2919.72 there2919.88 were2920.11 an2920.36 advantage2920.52 to2920.99 you2921.12 to2921.24 have2921.39 it2921.56 as2921.8 a2922.04 recoverable.2923.08
2925.19 MILLER2925.19 -2925.19 So,2925.19 typically,2925.43 if2925.91 funds2926.39 come2926.71 into2926.87 us2927.11 as2927.27 a2927.43 grant,2927.59 they'll2927.99 come2928.23 into2928.39 us2928.71 as2928.95 the2929.11 parent,2929.51 as2930.15 Paula,2930.39 the2930.79 nonprofit,2930.95 and2931.51 then2931.67 we2931.83 would2932.07 loan2932.31 them2932.55 into2932.71 the2932.95 deal,2933.11 because2933.99 there2934.31 is2934.47 a2934.71 benefit,2934.79 from2935.67 a2935.83 tax2935.99 credit2936.23 perspective2936.63 to2937.19 have2937.35 those2937.51 funds2937.75 recognized2938.15 as2938.71 a2938.87 loan2938.95 rather2939.51 than2939.83 a2939.99 grant,2940.15 which2941.32 I2941.89 think2942.05 is2942.2 your2942.44 question.2942.61
UNIDENTIFIED2943.57 SPEAKER2943.57 -2943.57 But2943.57 that's2943.72 on2943.96 your2944.13 books.2944.44
UNIDENTIFIED2945.57 SPEAKER2945.57 -2945.57 That's2945.57 on2945.8 our2946.05 books.2946.2 Exactly.2946.61 Right.2947.16
2947.32 UNIDENTIFIED2947.32 SPEAKER-2947.32 So2947.32 it2947.57 could2947.72 so2949.01 from2949.32 our2949.57 perspective,2949.72 it2950.36 could2950.53 be2950.68 structured2950.84 as2951.24 a2951.4 grant2951.48 to2951.8 POA.2951.96 From2952.68 the2952.92 project's2953.09 perspective,2953.64 it2954.05 would2954.2 show2955.13 up2955.37 eventually2955.69 as2956.09 a2956.33
2956.57 MILLER2956.57 -2956.57 POA2956.57 loan2957.37 some2957.61 money.2957.85 Contract.2958.65
2960.17 COOK2960.17 -2960.17 It2960.17 would2960.41 be2961.61 Corey,2961.61 is2962.01 it?2962.17 Yeah.2962.49 Corey,2962.89 would2963.21 that2963.37 also2963.61 be2963.85 true2964.01 for2964.25 CPA2964.49 funds2965.05 that2965.37 they2965.61 would2965.85 look2967.07 for2967.22 them2967.39 as2967.47 a2967.79 grant,2967.86 and2968.27 then2968.27 you2968.51 would2968.59 load2968.83 them2969.07 into2969.14 the2969.47 project2969.55 for2969.95 tax2970.27 advantages?2970.59
MIAN2971.95 -2971.95 I2971.95 mean,2972.03 that2972.27 would2972.51 be2972.66 ideal.2972.91 I've2974.03 honestly2974.59 seen2975.14 these2975.39 funds2975.63 come2975.95 in2976.11 different2976.35 ways2976.66 from2976.91 different2977.07 towns.2977.39 So2978.74 I'd2978.99 have2979.22 to2979.39 wait2979.47 and2979.7 kinda2979.86 see2980.11 what2980.27 they2980.43 say.2980.66
UNIDENTIFIED2982.26 SPEAKER2982.26 -2982.26 And2982.26 where2982.5 are2982.82 you2982.98 in2983.22 your2983.46 efforts2983.78 to2984.26 apply2985.54 to2985.86 other2986.02 users?2987.14
MILLER2988.1 -2988.1 Yeah.2988.1 So2988.42 we're2988.66 currently2988.74 so2989.38 the2989.62 CPC,2989.86 said2991.94 that2992.18 we2992.34 were2992.5 eligible2993.68 project2994.09 to2994.41 apply2994.49 for2994.72 funding.2994.89 So2995.2 we're2995.36 currently2995.53 working2995.84 on2996.09 our2996.24 funding2996.41 application.2996.81 We're2997.68 applying2997.93 out2998.24 of2998.49 round,2998.57 so2998.89 we'll2999.13 likely2999.61 get3000.01 that3000.24 in3000.41 this3000.72 month.3000.97 But3002.97 yeah.3003.13 So3003.36 that3003.53 application's3003.77 in3004.24 progress.3004.49 And3004.81 then3004.97 in3005.13 terms3005.29 of3005.45 securing3005.61 other3006.09 funds,3006.32 the3006.9 main3007.06 other3007.3 sources3007.46 are3007.94 applying3008.18 to3008.5 the3008.74 state,3008.82 both3009.94 in3010.26 terms3010.42 of3010.74 funding,3010.98 on3012.02 their3012.26 public3012.5 housing3012.82 side3013.14 of3013.38 things3013.46 and3013.7 then3013.86 also3014.02 on3014.34 the3014.5 tax3014.66 credit3014.9 side3015.22 of3015.3 things.3015.46 We3016.02 anticipate3016.26 that3016.9 pre-application3017.46 will3017.94 be3018.1 open3018.26 in3018.5 November,3018.66 but3019.38 their3019.54 notice3019.86 of3020.18 funding3020.34 availability3020.66 still3021.46 hasn't3021.62 been3021.86 posted3022.02 for3022.59 this.3023.47 It3023.64 will3023.8 be3023.95 the3024.11 winter3024.19 round,3024.51 and3024.76 that3024.84 still3024.99 hasn't3025.15 gone3025.39 online3025.55 yet.3025.88
3027.15 LEON3027.15 -3027.15 So3027.15 you're3027.32 not3027.64 going3027.88 on3028.11 the3028.28 this3028.51 is3028.76 an3029.15 off-cycle3029.47 for3029.47 the3029.71 CPA3030.43 when3030.91 you're3031.15 not3031.23 going3031.88 through3032.11 their3032.36 timetable3032.76 for3033.47 their3033.64 October3035.1 through.3035.18
MILLER3036.86 -3036.86 I3036.86 don't3037.02 think3037.18 we'll3037.34 be3037.58 so3037.74 far3037.9 off3038.06 in3038.22 terms3038.38 of3038.54 when3038.7 we3038.86 get3039.02 our3039.18 application3039.34 in.3040.22 Maybe3040.46 we'll3040.7 be3040.86 about3041.02 a3041.34 month3041.42 ahead.3041.66 But,3043.9 yes,3044.22 we3044.54 will3044.86 go3045.1 off3045.66 cycle3045.9 with3046.3 a3046.54 goal3046.7 that3046.94 we3047.1 can3047.26 have3047.42 a3047.66 funding3047.89 commitment3048.28 or3048.76 a3049.32 full3049.64 award3049.96 before3050.36 we3051.24 apply3051.41 to3051.72 the3051.89 state3052.05 to3052.36 demonstrate3052.44 that3053.09 local3053.41 commitment.3053.8
3054.2 FIELD3054.2 -3054.2 Do3054.2 you3054.36 mind3054.44 discussing3054.61 pre-app3055.96 versus3056.28 in3056.84 the3057.01 round?3057.16 Sure.3058.93 Remind3059.8 people3060.13 of3060.44 that.3060.61
3060.93 MILLER3060.93 -3060.93 Yeah.3060.93 So3061.16 the3061.32 pre-application,3061.72 we3062.68 would3062.84 sort3063.78 of3064.02 like3064.14 a3064.26 light3064.5 application3064.82 to3065.46 the3065.62 state.3065.7 And3066.74 then3066.98 it's3067.22 not3067.46 an3067.62 as-of-right3068.26 full3068.66 application.3069.06 We3069.7 would3069.86 have3070.02 to3070.18 then3070.26 be3070.58 invited3070.98 to3071.38 submit3071.54 a3071.94 full3072.1 application,3072.34 which3072.9 would3073.14 happen3073.3 based3074.02 on3074.34 previous3074.58 years'3075.3 funding3075.62 cycles3076.1 or3076.5 application3076.66 cycles3077.22 that3077.62 would3077.78 happen3077.94 early3078.8 next3079.76 year,3079.91 so3080.23 winter3080.55 2025,3081.03 if3084.64 our3084.8 application3085.11 is3086.07 successful.3086.23 So3086.71 you3086.95 want3087.03 the3087.36 local3087.51 match3088.32 in3088.95 the3089.59 local3089.76 trust3090.16 and3090.71 the3092.26 CP.3092.38
MILLER3093.1 -3093.1 Oh,3093.1 yeah.3093.42 I3093.58 think3093.74 it3093.98 would3094.14 yeah.3094.46 It3095.26 the3095.66 pre-application3096.22 is3096.94 still3097.26 very3098.22 competitive3098.7 as3099.42 folks3099.66 in3099.9 this3100.06 room3100.22 may3100.46 be3100.62 able3100.78 to3101.02 attest.3101.18 And3101.42 so3101.58 as3101.82 much3101.98 as3102.14 we3102.38 can,3102.7 you3103.42 know,3103.58 demonstrate3103.9 high3104.46 readiness3104.7 and3105.5 high3105.9 local3106.14 support,3106.62 the3109.86 better.3110.59
3111.3 UNIDENTIFIED3111.3 SPEAKER3111.3 -3111.3 Corey,3111.3 you3111.7 mentioned3111.78 that3111.98 there3112.18 are.3112.43 With3113.86 local3114.82 funds,3115.14 it3115.39 come3115.55 even3115.78 different3116.03 ways3116.51 for3116.91 other3117.07 projects.3117.3 Can3117.78 you3117.86 maybe3118.03 elaborate3118.26 on3118.66 that3118.91 statement3119.07 a3119.47 little3119.55 bit?3119.7
MIAN3121.77 -3121.77 Sure.3121.77 Well,3122.09 in3122.33 particular,3122.57 on3122.97 the3123.05 CPA3123.21 funds,3123.69 I've3124.01 had3124.25 those3124.41 be3124.65 loaned3124.89 into3125.21 a3125.45 project.3125.61 I3127.21 think3127.37 the3127.93 project3128.17 I'm3128.49 thinking3128.65 of,3128.89 in3129.05 particular,3129.21 went3129.85 to3130.01 the3130.17 housing3130.33 authority3130.57 and3131.13 was3131.37 then,3131.61 and3132.49 maybe3132.73 they3132.97 were3133.13 granted3133.29 to3133.61 the3133.77 housing3133.85 authority.3134.09 I'm3134.49 not3134.57 100%3134.81 sure3135.37 and3135.53 then3135.69 loaned3135.93 into3136.17 the3136.49 project.3136.57 But,3140.64 typically,3140.81 I3141.13 and3141.77 we've3141.93 just3142.16 seen3142.33 them3142.57 come3142.72 in3142.97 sometimes3143.29 as3143.68 in3144.89 it3145.05 almost3145.45 always3145.93 to3146.41 the3146.57 deal,3146.72 it3147.29 will3147.36 be3147.61 a3147.77 loan.3147.93 Whether3148.89 or3149.13 not3149.2 it's3149.36 going3149.61 through3149.93 an3150.99 interested3153.07 party3153.47 like3153.79 POA3154.03 or3154.59 the3154.83 housing3155.15 authority3155.55 as3155.95 a3156.11 grant3156.27 is3157.07 kind3157.87 of3158.03 a3158.11 nuance,3158.27 I3158.75 guess3158.83 I3159.07 would3159.15 say.3159.31 And3159.87 then3160.11 typically,3160.27 the3160.83 repayment3160.99 of3161.47 those3161.63 funds3161.87 is3162.83 pretty3162.99 far3163.23 down3163.47 in3163.63 the3163.79 waterfall,3163.87 and3165.66 often3165.82 with3166.55 the3167.43 soft3167.59 money3167.82 from3168.14 the3168.39 state.3168.55
3170.7 UNIDENTIFIED3170.7 SPEAKER3170.7 -3170.7 Yeah.3170.7 I'm3170.95 assuming3171.03 that3171.43 a3172.55 lot3172.63 of3172.78 these3172.95 loans3173.11 are3173.34 forgiven3173.43 in3173.99 situations3174.14 like3174.7 this.3174.95
MIAN3176.3 -3176.3 Yeah.3176.3 They3176.55 don't3176.7 like3176.95 to3177.11 use3177.26 the3177.43 word3177.51 forgiven3177.74 because3178.3 it3178.55 messes3178.78 up3179.03 your3179.18 tax3179.43 basis.3179.81
3180.29 UNIDENTIFIED3180.29 SPEAKER-3180.29 Well,3180.29 I'm3180.49 not3180.56 what3180.85 where3181.73 are3181.89 you3182.05 looking3182.21 legalistic3182.93 term3183.57 for3183.97 this?3183.97
3186.69 MIAN3186.69 -3186.69 Soft.3186.69
3187.89 UNIDENTIFIED3187.89 SPEAKER3187.89 -3187.89 Soft.3187.89 Okay.3188.37
3188.77 MIAN3188.77 -3188.77 I'm3188.77 not3188.93 a3189.17 lawyer.3189.25 You3189.81 say3189.97 I3190.13 am3190.29 a3190.45 lawyer.3190.53 Be3190.93 a3191.09 lawyer3191.17 in3191.49 the3191.65 room,3191.73 I3191.89 think.3191.97
3192.21 UNIDENTIFIED3192.21 SPEAKER3192.21 -3192.21 He's3192.21 been3192.29 out3192.45 there3192.61 for3192.93 a3193.09 very3193.17 long3193.41 time3193.65 Okay.3193.97 With3195.13 the3195.2 hope3195.36 of3195.53 being3195.76 repaid.3196.09
UNIDENTIFIED3196.57 SPEAKER3196.57 -3196.57 So3196.57 in3197.61 the3197.76 current3198.01 instance,3198.32 it3198.72 looks3198.8 like3199.05 you're3199.2 asking3199.53 for3199.92 a3200.32 grant3200.48 to3200.96 pull3201.2 up.3201.53 Would3202.01 this3202.24 be3202.24 the3202.41 most3202.48 expeditious3202.8 way3203.36 to3203.61 move3203.68 this3203.84 forward?3204.09
3204.41 MIAN3204.41 -3204.41 The3204.41 most3204.48 expeditious3204.8 and3205.44 easiest3205.61 way,3206.01 and3206.16 that3206.32 also3206.48 allows3206.8 us3207.13 to3207.28 begin3207.44 to3207.76 deploy3207.92 these3208.32 funds3208.57 on3209.2 behalf3209.36 of3209.68 the3209.84 project.3209.92
SHOW NON-ESSENTIAL DIALOGUE
3216.06 MILLER3216.06 -3216.06 Happy3216.06 to3216.38 come3216.62 back3216.86 to3217.02 any3217.26 slide3217.5 at3217.82 any3217.9 point.3218.22 But3219.42 just3219.66 in3219.9 terms3220.06 of3220.38 what's3220.62 on3222.14 our3222.3 timeline3222.62 for3223.18 immediate3224.09 next3224.41 steps3224.66 where3224.89 you3225.14 have3225.22 that3225.38 meeting3225.54 tomorrow3225.78 night3226.09 at3226.26 the3226.34 Hosmer3226.49 School?3226.89 From3227.78 there,3228.09 we3228.49 hope3228.82 to3229.61 file3229.93 for3230.26 zoning3230.41 with3230.82 these3231.06 designs3231.3 that3231.7 you3231.86 see3232.02 here.3232.26 We're3232.57 pretty3232.82 active3233.06 right3233.38 now3233.54 in3233.78 doing3233.93 various3234.18 due3234.66 diligence3234.89 items3235.3 and3235.78 teeing3235.78 up3236.09 that3236.72 zoning3237.04 submission.3237.44 We're3237.84 tracking3238.08 the3238.56 November3239.12 7th3239.84 site3241.2 plan3241.44 and3241.76 reviewing3244.8 submissions.3245.52 Developers3245.52 conference.3246
3246.48 Developers3246.48 conference,3246.96 formally,3247.44 maybe3248.24 site3248.64 plan3248.8 something.3249.04 And3250.4 then3251.2 concurrently,3252.95 we're3253.51 applying3253.74 for3253.99 funding.3254.22 So3254.55 we're3254.7 here3254.86 at3255.03 the3255.18 alternate3255.27 Oregon,3255.66 that3256.07 CPC3256.22 application3256.63 and3257.11 we're3257.27 tracking3257.43 the3257.99 applications3258.22 to3258.79 the3258.95 state.3259.11 And3260.47 then3260.7 throughout3260.86 the3261.27 process,3261.35 we3261.74 continue3261.91 to3262.22 meet3262.31 with3262.47 residents,3262.63 should3263.11 have3263.27 set3263.35 it3263.51 up3263.66 front,3263.83 but3264.14 we3264.31 were3264.47 out3264.7 there3264.86 in3265.11 August3265.27 talking3265.71 through3265.95 these3266.19 designs,3266.35 and3267.95 we'll3268.19 continue3268.43 to3268.91 meet3269.07 with3269.23 residents3269.47 and3269.95 folks3270.11 in3270.35 the3270.43 community3270.59 as3271.31 relevant3271.95 updates3272.43 are3272.99 available.3273.47
3275.31 UNIDENTIFIED3275.31 SPEAKER3275.31 -3275.31 When3275.31 you3275.47 say3275.71 zoning,3275.95 are3276.27 you3276.35 looking3276.51 for3276.63 a3276.74 zoning3276.99 inventory?3277.39
MILLER3279.28 -3279.28 43279.28 d3279.53 b3279.61 comprehensive.3279.76 Yeah.3280.48
FIELD3284.64 -3284.64 And3284.64 what's3285.05 your3285.36 latest3285.61 projection3287.2 as3287.76 to3287.93 when3288.01 you3288.24 file3288.48 a3288.96 product3288.96 eligibility3289.44 application?3290.24
3291.13 MILLER3291.13 -3291.13 Oh,3291.13 I3291.53 mean3291.61 so3292.09 that's3292.64 been3292.96 we3294.09 need3294.33 to3294.49 demonstrate3294.57 full3295.13 site3295.37 control.3295.61 And3296.09 so3296.33 once3296.81 we3297.21 have3297.37 a3298.41 formal3298.65 or3300.17 a3301.13 p3301.29 and3301.53 s3301.73 likely3302.01 a3302.57 p3302.65 and3302.73 s3302.81 in3303.05 place3303.13 with3303.45 95,3303.77 973304.33 nickels,3304.73 we'll3306.01 be3306.33 able3306.49 to3306.65 submit3306.81 that3307.21 to3307.37 HLC.3307.53
UNIDENTIFIED3315.32 SPEAKER-3315.32 How3315.32 many3315.49 people3315.8 have3316.13 you3316.36 had3316.53 in3316.93 attendance3317.16 at3317.64 community3317.8 meetings3318.28 either3318.68 online3318.93 or3319.32 anticipate3320.05 tomorrow?3320.53
3321.88 MILLER3321.88 -3321.88 Okay.3321.88 Last3323.4 week,3323.64 I'd3323.88 say,3324.2 Corey3325.8 was3326.12 monitoring3326.28 the3326.76 attendance3327.08 better3327.56 than3327.8 I3327.96 propped3328.2 at3329.4 least3329.72 30.3330.36 I3331.88 don't3331.96 know3332.12 if3332.28 you3332.44
3333 MIAN3333 -3333 That's3333 what3333.24 I3333.4 would3333.48 say.3333.72
UNIDENTIFIED3334.12 SPEAKER3334.12 -3334.12 About3334.12 30.3334.44
MILLER3336.93 -3336.93 And3336.93 our3337.09 last3338.14 I3338.7 mean,3338.86 this3339.09 we3339.41 did3339.57 it3339.74 reverse3339.97 this3340.3 time,3340.45 so3340.61 we3340.78 went3340.86 virtual,3341.02 and3341.34 now3341.49 we're3341.66 going3341.74 in3341.97 person3342.05 tomorrow.3342.38 I3342.86 think3343.09 last3343.41 our3344.54 first3344.7 round3344.93 of3345.09 community3345.26 meetings3345.57 in3345.89 May3346.14 was3346.78 probably3347.02 closer3347.49 to3347.97 503348.22 folks.3349.08 We3349.88 filled3350.04 out3350.2 the3350.36 Hosmer,3350.52 the3351.16 3rd3351.4 floor3351.64 learning3352.04 comps3352.28 learning3352.84 comments3353.08 pretty3353.64 nicely.3353.8 And3355.24 then3355.4 residents,3355.64 I'd3356.28 say3356.44 we're3356.6 getting,3356.84 like,3357.08 a3357.24 pretty3357.48 solid3358.28 contingent.3358.68 There's3359.16 always,3359.4 like,3359.64 a3359.8 few3359.88 folks3360.12 a3360.44 few3360.6 new3360.76 faces3361 every3361.32 time,3361.56 but3361.72 that's3361.96 anywhere3362.2 from3362.68 a3363.38 dozen3363.53 to,3364.09 at3364.66 max,3364.82 23365.14 dozen3365.38 folks3365.7 that3365.93 show3366.09 up3366.34 to3366.41 our3366.57 in-person3368.26 meetings3368.66 depending3368.97 on3369.3 the3369.38 time3369.45 of3369.7 day.3369.78 And3370.26 supportive?3370.49 Yeah.3371.61 I3371.86 mean,3372.01 yeah,3374.26 no3374.57 one's3374.74
3375.45 UNIDENTIFIED3375.45 SPEAKER-3375.45 You3375.45 don't3375.65 have3375.81 it3375.97 on3376.01
MILLER3376.21 -3376.21 No3376.21 one's3376.45 strongly3376.77 opposed.3377.25 No.3377.65 I3377.97 think,3378.05 you3378.37 know,3378.61 the3378.77 main3378.93 things3379.25 that3379.49 we3379.65 heard,3379.81 I3380.69 think3380.77 everyone3381.09 had3381.57 opinions.3381.97 Some3382.53 mostly,3383.25 you3383.81 know,3383.97 just3384.21 mindful3385.57 of3385.97 the3386.13 number3386.29 of3386.53 parking3386.69 spaces3387.01 currently3387.49 at3387.89 the3388.05 site3388.13 and3388.37 what3388.53 we3388.77 were3388.85 delivering3389.01 about3389.97 the3390.05 units.3390.21 And3391.32 so3391.47 hopefully,3391.55 folks3392.03 feel3392.28 I3392.68 think3392.76 they3392.91 did3393.07 last3393.55 week3393.88 just3394.2 that3394.43 we3394.59 were3394.84 paying3395.16 attention3395.47 to3395.8 that,3395.95 and3396.11 we3396.28 were3396.43 able3396.59 to,3396.84 I3397.72 don't3397.88 know,3398.03 propose3398.43 a3398.84 better3398.99 solution.3399.32
3402.76 UNIDENTIFIED3402.76 SPEAKER3402.76 -3402.76 I3402.76 think3402.99 another3403.16 significant3403.64 one3407.04 of3407.36 the3407.52 feedback3407.52 from3407.92 the3408.16 community,3408.24 is3409.2 that3409.2 both3409.84 of3410.08 you3410.32 choose3410.4 course3410.72 events.3411.84
MILLER3411.84 -3411.84 I3411.84 mean,3412 increasing3412.24 the3412.64 number3412.72 of3413.04 three3413.12 bedroom3413.28 units,3413.68 we3414.24 could3414.4 have,3414.56 I3415.28 think,3415.44 delivered3415.76 if3416.88 we3417.04 wanted3417.2 to3417.52 just3417.76 deliver3418 studios3418.4 in3418.8 one3419.12 bedroom,3419.52 right,3419.52 we3419.68 could3419.84 have3420.01 one3420.09 over3420.26 that3420.34 138,3420.41 but3421.45 focusing3421.93 on3422.34 you3423.3 know,3423.45 it's3423.61 a3423.86 family3424.01 property3424.49 and3424.89 one3425.14 that3425.38 will3425.53 continue3425.69 to3426.17 be3426.26 one.3426.41 And3426.65 so3426.82 increasing3427.3 those3427.78 larger3427.93 size3428.34 units3428.57 coming3430.01 down3430.34 on3430.49 height3430.65 on3430.89 one3431.14 of3431.3 the3431.45 buildings3431.61 to3432.09 better3433.72 meet3433.96 the3435.08 abutter3435.16 next3435.64 door.3435.88
3442.84 PATTERSON3442.84 -3442.84 Was3442.84 that3443 zoning3443.32 related,3443.72 or3444.12 was3444.36 that3444.6 just3444.84 in3446.04 consideration3446.2 of3446.84 the3446.92 butter?3447.16
3448.61 MILLER3448.61 -3448.61 That3448.61 was,3448.86 yeah,3449.18 that3449.49 was3449.66 the3449.82 most3449.89 that3450.22 was3450.38 our3450.54 consideration3450.78 in3451.18 consideration3451.34 of3452.06 the3452.22 butter.3452.38
3453.26 PATTERSON-3453.26 Okay.3453.26 And3453.49 what3453.66 was3453.89 the3454.14 structured3454.3 parking3454.78 add3455.26 to3455.49 the3455.66 overall3455.89 budget?3456.3
SHOW NON-ESSENTIAL DIALOGUE
MIAN3464.03 -3464.03 I3464.03 can3464.11 take3464.27 that.3464.51 We3464.75 always3464.91 had3465.23 podiums.3465.39 Right,3466.27 Mel?3466.59 I3466.99 think,3467.31 even3468.27 on3468.59 the3468.67 little3468.83 buildings3469.07 in3469.47 our3469.55 original3469.71 proposal,3470.19 there3470.83 were3471.07 podiums.3471.23 So3473.55 introducing3473.86 the3474.51 deck,3474.74 and3475.07 I3475.14 Leo,3475.63 I3475.86 think3475.95 you're3476.18 referring3476.51 to3476.82 the3476.99 deck.3477.14 Right?3477.47
PATTERSON3478.51 -3478.51 Right.3478.51
3480.43 MIAN-3480.43 You3480.43 know,3480.59 we3480.91 got3481.14 a3481.3 high-level3482.03 estimate3482.34 from3482.74 the3482.99 contractor3483.14 that3483.63 we3483.78 thought3483.95 was3484.26 about3484.43 $2,000,000.3484.66
PATTERSON-3487.23 For3487.23 how3487.47 many3487.55 spots?3487.87 A3488.27 1003488.51 and3488.91 so3489.55 it's3489.87 total3490.19 a3490.59 of3491.39 111.3492.03 So3492.03 adding3492.35 603492.75 spots?3493.15
3494.43 MIAN3494.43 -3494.43 Yeah.3494.43 But3494.67 the3494.83 2,000,0003494.99 isn't3495.55 that's3495.95 not3496.19 a3496.35 net3496.43 numb3496.67 that's3496.91 not3497.15 a3497.31 net3497.47 add,3497.71 if3498.19 you're3498.43 trying3498.59 to3498.83 do3498.91 that3499.07 math,3499.23 which3499.55 I3499.71 can3499.87 tell3500.11 you.3500.27 I3500.43 think3500.51 you3500.75 are.3500.83 If3506.38 you'd3506.69 like3506.93 to3507.26 follow3507.57 up3507.57 on3507.57 that,3507.73 I3507.89 think3508.05 we3508.13 could3508.3 get3508.45 it3508.61 to3508.69 you,3508.78 but3509.01 I3509.34 think3509.41 the3509.65 parking3509.89 deck3510.3 itself3510.53 delivers3510.93 about3511.34 60.3511.65 Is3512.21 that3512.38 right3512.53 now,3512.78 Mel?3513.09
3513.97 MILLER3513.97 -3513.97 Yeah.3513.97 It's3514.29 this3515.49 increased3515.81 minus,3516.29 I3516.69 think,3516.85 that3517.09 the3518.05 acquisition3518.21 yields3518.85 call3519.57 it3519.81 93520.05 spots.3520.29 Does3523.97 that3524.13 make3524.37 sense?3524.61
3527.2 MIAN3527.2 -3527.2 I'm3527.2 not3527.43 sure.3527.59 I3528.55 don't3528.8 think3528.95 so3529.36 this3529.52 is3529.68 a3529.84 net,3529.99 yeah,3530.39 this3530.64 is3530.8 a3530.95 net3531.11 yield3531.28 of3531.52 about3531.68 30.3531.91 Right?3532.24 There3532.64 are3532.95 413533.28 parking3533.76 spaces3534.16 in3534.55 that3534.72 comparison3535.28 303535.84 you3536.07 just3536.32 saw3536.47 on3536.55 the3536.72 screen?3536.8 I3538.8 think3538.95 303539.28 of3539.59 those,3539.76 313540.42 or3540.78 323541.14 of3541.46 those3541.62 came3541.86 from3542.02 the3542.18 extra3542.34 level3542.66 on3542.98 the3543.14 deck,3543.22 if3545.3 that's3545.78 helpful,3546.1 Leo.3546.42 And3546.82 I3546.98 bet3547.14 in3547.86 terms3548.1 of3548.42 comparison,3549.06 let's3549.62 say3549.86 that3550.1 the3550.26 deck3550.42 cost3550.74 us3550.98 $2,000,000.3551.06 It3551.94 would3552.1 have3552.18 cost3552.42 us3552.66 something3552.82 to3553.3 do,3553.46 some3554.99 site3555.07 work3555.32 demo3555.64 and3555.88 prep3556.11 on3557.64 the3557.88 previous3557.95 on3558.68 just3558.84 the,3559.07 the3559.23
3560.59 PATTERSON3560.59 -3560.59 Prior3560.59 was3560.99 was3562.03 was3562.51 on3562.84 grade,3563.07 though,3563.32 wasn't3563.64 it?3563.95
3564.43 MIAN3564.43 -3564.43 It3564.43 was.3564.68 Correct.3564.91
PATTERSON3565.39 -3565.39 I'm3565.39 sorry3565.88 for3566.2 these3566.36 design3566.59 questions.3566.91 It's3567.32 just3567.47 my3568.11 default,3568.28 but3569.16 I3569.39 just3569.47 wanna3569.72 understand3570.62 it3570.94 better.3571.02 And3571.34 I3571.5 have3571.66 a3571.82 meeting3572.54 tomorrow3572.86 night3573.18 with3573.34 the3573.58 school3573.66 building3573.82 committee,3574.22 so3574.54 I3574.7 can3574.78 attend3575.02 your3575.26 meeting.3575.5
3576.54 MIAN3576.54 -3576.54 I3576.54 see.3576.86 No3577.18 problem.3577.5
SHOW NON-ESSENTIAL DIALOGUE
3581.18 MIAN3581.18 -3581.18 You3581.18 know,3581.34 from3581.58 our,3581.82 analysis3582.95 that3583.59 this3583.84 was3583.91 the3584.07 most3584.23 cost-efficient3584.64 way3584.95 to3585.19 meet3585.28 the3585.51 parking3585.59 needs3585.91 of3586.16 this3586.32 project3586.47 without3587.11 compromising3587.51 the3588.55 open3588.64 space,3588.95 which3590.47 we3590.71 saw3590.88 as3591.11 a3591.36 key3591.84 element3592.23 of3592.71 the3592.8 project.3592.95 Also,3593.51 it's3593.84 been3594.07 nice3594.23 to3594.47 avoid3594.71 doing3595.11 podiums3595.36 in3595.84 those3595.99 two3596.23 other3596.47 buildings,3596.71 the3597.78 two3598.02 smaller3598.18 buildings,3598.5 which3598.74 will3598.98 help3599.06 us3599.22 save3599.46 on3599.62 the3599.78 cost3599.78 of3600.1 those3600.18 buildings.3600.42
3601.78 PATTERSON-3601.78 Could3601.78 you3602.02 just3602.18 remind3602.42 me?3602.74 Are3602.9 you3603.3 fully3603.7 parking3604.02 underneath,3604.42 or3605.54 is3606.1 it3606.26
3606.82 MIAN3606.82 -3606.82 I3606.82 think3606.9 we3607.06 have3607.3 a3607.54 picture3607.62 grade.3608.34 It's3609.22 not3609.46 the3609.7 full3609.94 well,3610.34 on3610.58 the3611.06 little3611.22 buildings,3611.46 you3611.78 have3611.86 units3612.02 on3612.42 at3612.66 ground3613.22 floor.3613.91 And3614.47 on3614.71 the3614.8 bigger3614.95 building,3615.28 maybe3616.47 just3616.8 a3617.03 couple3617.11 of3617.43 units3617.43 on3617.91 the3618.15 ground3618.23 floor,3618.39 Mel.3618.71 I3618.95 think3619.03 there's3619.19 another3619.36 image3619.67
3619.99 PATTERSON3619.99 -3619.99 Plus3619.99 community3620.23 space3620.88 and3621.28 other3621.43 and3621.76 other3621.99 spaces.3622.32
3622.71 MIAN3622.71 -3622.71 Right?3622.71 And3623.03 then3623.11 maybe3623.36 I3623.67 bet3623.76 it's3623.99 23624.23 thirds3624.47 parking3624.8 under3625.69 building3626.01 a.3626.25
3626.97 PATTERSON3626.97 -3626.97 Okay.3626.97 Good.3627.29 So3627.77 that's3627.93 a3628.17 good3628.33 efficiency.3628.57
3629.93 MIAN3629.93 -3629.93 Right.3629.93 You3630.25 can3630.33 kinda3630.65 see3630.97 it3631.21 there3631.29 in3631.53 that3631.69 image,3631.77 where3632.89 it3633.05 says3633.13 covered3633.37 parking.3633.77
SHOW NON-ESSENTIAL DIALOGUE
PATTERSON3638.51 -3638.51 Thank3638.51 you.3638.68 I3638.84 was3639.07 just3639.23 wondering,3639.39 about3640.36 per3640.84 space3641.55 cost3642.2 of3642.68 adding3643.07 the3643.47 structured3643.64 deck3644.28 parking.3644.51 Thanks.3644.91
MIAN3645.64 -3645.64 Yeah.3645.64 I3645.8 don't3645.88 think3646.03 that3646.2 was3646.36 a3646.51 good3646.59 answer.3646.76 But3648.2 a3648.84 friendly3649.47 reminder,3650.51 this3650.91 will3651.07 be3651.23 a3651.32 prevailing3651.39 wage3651.88 job,3652.11 so3652.43 we'll3652.68 have3652.84 state3653.72 and3654.04 federal3654.36 wage3654.92 rates3655.24 applied.3655.48 So3656.04 everything's3656.28 gonna3656.68 be3656.92 more3657 expensive.3657.24 Of3658.36 course.3658.44 And3659.56 then3659.8 I3660.04 think3660.12 just3660.36 13660.52 more3660.68 follow-up3660.92 on3661.24 your3661.32 question3661.4 about3661.72 zoning.3661.96 I'd3663.96 say3664.04 nothing3664.36 that3664.68 is3664.92 on3665.16 this3665.32 plan3665.48 is3665.72 consistent3665.88 with3666.28 current3666.52 zoning.3666.84 And3668.03 so3668.26 everything3668.66 is3669.14 part3669.3 of3669.46 the3669.55 403669.78 b3670.18 process3670.34 and3671.07 getting3671.3 to3671.55 a3671.78 friendly3671.94 place3672.34 with3672.91 both3673.14 the3673.39 community3673.55 and3674.26 the3674.51 planning3675.46 staff3675.94 at3676.26 the3676.34 city.3676.51
3679.14 PATTERSON3679.14 -3679.14 Yeah.3679.14 Because3679.46 most3679.78 of3680.03 the3680.11 surrounding3680.26 neighborhood3680.74 is3681.83 two3682.15 family.3682.23 Right?3682.87 So,3683.19 you're3684.23 taller3684.87 than3685.27 they3685.51 are,3685.67 so3685.91 it's3686.07 about,3686.23 good3687.27 neighbor3687.51 relations.3687.91 I3688.47 understand.3688.63 Thank3689.27 you.3689.51
SHOW NON-ESSENTIAL DIALOGUE
3704.45 FIELD3704.45 -3704.45 Questions,3704.45 sweetie,3704.93 what3705.16 else3705.32 or3705.57 comments3705.8 or3706.2 thoughts3706.45 before3706.76 we3707.09 Sorry.3707.32
SHOW NON-ESSENTIAL DIALOGUE
3727.57 FIELD3727.57 -3727.57 Oh,3727.57 good.3727.64 No.3727.97 No.3728.2 No.3728.29 No.3728.85 No.3729.41 No.3729.97 Standing3730.45 outside3730.77 running3731.16 the3731.49 meeting.3731.57
3734.71 HYDE3734.71 -3734.71 And3734.71 then3734.95 we'll3735.11 have3735.27 to3735.51 all3735.59 of3735.99 them.3736.63 They3738.15 speak3738.39 to3738.71 these3738.87 cameras.3739.03
3739.59 COOK3739.59 -3739.59 So3739.59 that's3739.91 a3740.07 question3740.15 to3740.79 look3741.03 at3741.19 them3741.35 on3741.51 if3741.67 they3741.83 have3741.99 an3742.11 essay.3742.23
3742.79 HYDE3742.79 -3742.79 Like,3742.79 if3742.95 you3743.19 have3743.27 the3743.51 commitment,3743.67 but3744.15 you're3744.31 not3744.47 getting3744.71 all3745.03 the3745.27 funds3745.35 upfront.3746.15 Yeah.3746.79 Does3747.11 that3747.27 make3747.51 a3747.75 difference?3747.83
MILLER3748.57 -3748.57 I'd3748.57 say3748.89 we3749.45 will3749.85 be3750.09 able3750.24 to3750.49 use3750.64 it3750.89 now.3751.13 That3752.33 said,3752.64 if3753.36 I3754.09 mean,3754.24 I3754.49 think3754.57 that3754.72 we3754.89 can3755.05 be3755.29 flexible,3755.36 especially3757.13 if3757.61 it3757.77 would3757.85 help3758.09 the3758.97 trust.3759.61
MIAN3761.78 -3761.78 I3761.78 think3761.94 for3762.1 competitiveness3763.06 with3763.7 the3763.86 state,3764.02 just3764.74 the3765.06 commitment3765.22 is,3765.94 Okay.3767.54 Sufficient.3768.1
3769.46 COOK3769.46 -3769.46 So3769.46 the3770.1 transfer3770.1 of3770.5 funds3770.66 at3770.9 this3770.98 stage3771.22 isn't3771.46 necessary3771.78 is3772.34 what3772.5 you're3772.74 saying?3772.9
3773.7 MIAN-3773.7 Yeah.3773.7 That3773.94 can3774.1 come3774.34 slower.3774.58
3775.55 COOK3775.55 -3775.55 Okay.3775.55 So3775.88 that3776.11 can3776.28 be3776.43 phased.3776.59 That3777.32 could3777.47 be3777.64 discussed3778.28 later3778.59 with3778.91 staff.3779.16
3779.64 MIAN3779.64 -3779.64 Yeah.3779.64 Absolutely.3780.03
3781.32 COOK3781.32 -3781.32 Okay.3781.32 Alright.3783.16 Bless3783.47 it.3783.88 Wait.3784.52 What3784.76 we3784.91 got3785.07 it.3785.24 Reactants,3787.32 thoughts,3788.03 what3788.91 do3789.07 people3789.24 think3789.55 about3789.88 this?3790.2
3792.22 HELEN3792.22 OLIVER3792.22 -3792.22 AFFORDABLE3792.22 HOUSING3792.22 TRUST3792.22 MEMBER3792.22 -3792.22 I3792.22 just3792.3 have3792.54 13792.7 more3792.86 question.3793.02 Just3793.34 curious3793.58 how3794.06 the3794.38 number3794.54 of3795.02 400,0003795.1 came.3795.9 I3796.14 mean,3796.22 I3796.38 saw3796.46 4,000,000.3797.58 Those3798.46 and3798.7 it's3798.86 yeah.3799.34 Where3799.58 did3799.82 those3799.98 where3800.62 did3800.78 those3800.86 numbers3801.02 come3801.42 from?3801.5
3802.86 MILLER3802.86 -3802.86 Yeah.3802.86 I3803.1 mean,3803.26 I3803.42 think3803.58 it's3803.74 a3803.98 way3804.06 in3804.38 which3804.62 knowing3805.02 our3805.42 current3805.58 predevelopment3805.98 capacity3807.64 or3808.11 outlook,3808.28 is3808.84 a3809.32 nice3809.47 relationship3810.19 to3810.91 what3811.39 we3811.71 know3811.88 we3812.11 have3812.28 on3812.43 deck3812.59 while3813.47 also,3813.8 I3814.36 think,3814.43 being3814.76 mindful3814.99 of3815.64 what3816.03 the3816.51 trust3816.68 has.3817.32
3822.51 COOK3822.51 -3822.51 So3822.51 I3822.51 think3822.51 that3822.67 is3822.91 a3823.07 consideration.3828.35 I3828.35 mean,3828.51 what3828.91 else?3830.11 What3833.61 do3833.84 people3834.01 think?3834.24 I3834.49 mean,3834.57 do3834.72 you3834.89 wanna3834.97 you3835.36 all3835.61 wanna3835.77 think3836.01 about3836.16 this3836.41 more?3836.64 I3836.97 mean,3837.05 I'm3837.2 assuming3837.36 that3837.77 you'd3837.93 like3838.09 this3838.33 kind3838.57 of3839.05 sooner3839.13 than3839.45 later.3839.61 You3842.24 don't3842.41 care?3842.64
3843.2 MILLER3843.2 -3843.2 No.3843.2 I3843.45 mean,3843.53 I3843.77 think3843.93 we're3845.29 not3845.53 I3845.77 don't3845.84 have3846.09 to,3846.24 like,3846.41 walk3846.57 out3846.81 with3846.97 a3847.13 check3847.29 tonight.3847.53 We're3848.16 applying3848.75 to3848.95 the3849.15 state.3849.47 So3849.87 like3850.11 I3850.27 said,3850.43 we're3850.67 applying3851.07 to3851.39 the3851.55 state3851.71 in3851.95 November.3852.11 So3853.63 I3853.87 think3854.03 we're3854.11 November.3854.43 Before3854.91 yeah.3855.79 And3856.03 I3856.19 think3856.27 it3856.43 would3856.59 also3856.75 be3857.07 while3857.31 I3857.55 recognize3857.71 it's3858.19 a3858.35 sizable3858.43 contribution3859.07 from3859.71 the3859.95 trust,3860.03 we're3860.35 also3860.51 asking3860.99 for3861.31 what3862.3 I3862.38 think3862.45 is3862.61 a3862.7 sizable3862.93 ask3863.41 for3863.66 the3863.82 CPC.3863.97 And3864.54 especially3864.78 as3865.26 we3865.41 advance3865.66 that3866.06 application,3866.38 it3866.93 would3867.18 be,3867.34 I3868.7 don't3868.86 know3869.02 if3869.09 they'd3869.26 be3869.49 comforted3869.66 to3870.06 know,3870.22 the3871.49 scale3871.66 of3871.97 the3872.14 contribution3872.22 from3872.86 the3873.02 trust3873.18 or3873.58 sort3874.86 of3875.09 work3875.26 in3875.49 tandem3875.74 with3876.14 13876.38 another.3876.54
3879.1 COOK3879.1 -3879.1 Yeah.3879.1 And3879.66 then3879.82 they're3880.3 they're3880.46 their3880.7 decision-making3881.5 process.3881.98 Hopefully,3882.3 the3884.38 level3884.38 of3884.7 support3884.86 by3886.3 us3886.78 might3887.1 reflect3887.42 on3888.22 your3888.46 application3888.7 attempt.3889.34
3890.45 LEON3890.45 -3890.45 I3890.45 would3891.24 just3891.41 ask,3891.64 you3892.53 know,3892.61 since3892.93 your3893.97 global3894.13 matches3894.45 both,3895.01 you3895.32 know,3895.49 the3895.81 CPC3896.84 and3897.49 the3898.05 trusted.3898.2 Do3898.84 you3899.01 have3899.09 any3899.24 thoughts3899.49 about3899.81 that3900.77 ratio3901.16 or3902.53 anything3902.68 with3903.64 total3903.89 commitment?3904.29
FIELD3909.07 -3909.07 So3909.07 with3909.39 the3909.71 caveat3910.27 that3910.99 the3911.39 state3911.55 always3912.27 wants3912.59 more3912.99 local3913.39 matches3913.87 than3914.27 glass.3914.51 I3916.59 think3916.75 the3917.23 combination3917.39 of3918.03 4,400,0003918.43 is3920.27 at3920.51 least3920.67 a3921.68 credible3921.92 local3922.72 match.3923.36 And3927.36 if,3927.61 HLC3929.84 knew3930.64 that3930.8 during3931.05 the3931.36 pre-app3932.09 round,3932.24 that3932.57 would3932.8 increase3933.53 the3933.92 chances3934.09 that3934.48 they3934.64 would3934.8 be3934.96 invited3935.13 to3935.76 the3935.92 returns.3936.09
3937.5 LEON3937.5 -3937.5 And,3937.5 it's3937.78 getting3938.3 too3938.54 much3938.78 into3939.02 those3939.34 CPCs,3939.5 but3940.06 what3940.54 was3941.18 our3941.42 understanding3941.66 of3942.54 roughly3942.78 what3943.1 was3943.42 available3943.66 for3944.14 funds,3944.7 conceivably3946.3 for3947.18 a3948.94 housing3949.1 project3949.5 that's3949.9 every3950.66 123950.98 to3951.39 $15,000,000?3951.55 Well,3953.3 they'll3953.55 conceivably3954.18 be3954.98 available3954.98 from3955.7 there.3955.94
3956.42 FIELD3956.42 -3956.42 Yeah.3956.42 So3956.74 the3957.22 question3957.39 you're3957.78 asking3958.03 is3958.42 not3958.66 what's3958.9 reserved3959.46 for3960.11 housing3960.34 Right?3960.9 Which3961.07 is,3961.39 no.3962.11 I3962.26 know3962.42 the3962.59 set-aside,3963.29 but3963.77 I'm3964.01 talking3964.33 about3964.65 what3964.97 you3965.21 can3965.45 see3965.61 will3966.01 be.3966.33 Right.3968.17 I3968.57 had3968.89 not3969.13 computed3969.37 that3969.85 number.3970.09 It3970.97 is3971.13 a3971.77 large3971.93 enough3972.25 number3972.65 so3972.97 that3973.21 then3974.57 the3975.16 CPC,3975.39 it3975.64 will3975.88 be3976.03 realistic3976.11 for3976.59 the3976.76 CPC3976.99 if3977.71 it3977.95 shows,3978.11 too.3981.95 Award3981.95 for3982.76 a3982.91 1,000,000.3982.99 You3985.88 know,3986.11 13987.99 thing3988.23 I3988.47 would3988.63 caution3988.95 everyone3989.43 about,3989.75 is3990.79 that3991.03 the3992.15 CPC,3992.39 has3994.39 33995.27 buckets,3996.15 open3997.51 space,3997.83 historic3998.87 preservation,3999.35 and3999.91 housing.4000.07 And,4001.35 open4003.32 space4003.64 needs4003.95 are4004.28 very4004.43 significant4004.68 in4005.24 Watertown.4005.39 And4006.68 so,4006.91 whereas4008.28 in4008.68 many4009.07 communities,4009.32 housing.4015.67 Like4015.67 many4015.99 commuters,4016.39 I4016.79 should4016.87 say4017.19 both4017.43 housing4017.75 and4018.07 open4018.23 space4018.55 are4019.03 ones4019.27 that,4019.67 could4020.63 lead4020.87 to4021.11 large4021.27 projects.4021.67
4030.14 COOK4030.14 -4030.14 But4030.14 they4032.05 wouldn't4032.21 be4032.38 less4032.53 than4032.86 half4033.01 of4033.26 what4033.34 the4033.66 CVC4033.73 might4034.3 be.4034.53
4036.78 LEON4036.78 -4036.78 So4036.78 I4037.18 think4037.26 this4037.49 is.4038.14
4040.76 COOK4040.76 -4040.76 Could4040.76 ask.4040.92 Mark4041.32 Mark4041.56 is4041.88 Well,4042.6 maybe4042.76 Mark4043.08 might4043.4 have4043.56 a4043.64 hand.4043.72 Comment.4044.6 Mark4044.84 Vasquez4045.16 is4045.64 the4045.8 chair4045.96 of4046.2 the4046.28 CTC.4046.52 I4046.92 think4047.08 he4047.32 might4047.4 comment.4047.88
4049.08 MARK4049.08 KRACZKIEWICZ4049.08 -4049.08 WATERTOWN4049.08 COMMUNITY4049.08 PRESERVATION4049.08 COMMITTEE4049.08 -4049.08 Yeah.4049.08 I4049.32 would.4049.4 I4049.72 think,4049.8 you4050.36 know,4050.52 we4050.68 do4050.92 have4051.08 a4052.36 fair4052.52 amount4052.76 of4053.08 of4053.84 cash4054.07 available,4054.47 but4055.36 we're4055.52 also4055.76 beginning4056.07 to4056.47 get4056.64 several4058.47 requests4058.64 coming4059.11 in4059.36 as4059.52 we've4059.68 done4059.84 a,4059.99 funded4060.95 number4061.43 of4061.68 planning4061.84 studies,4062.24 one4064.39 for4064.55 the4064.8 commanders,4065.04 management,4065.52 and4066.07 grounds.4066.24 Oh,4067.04 there4067.2 are4067.43 the4067.43 two4067.59 cemeteries,4067.91 one4069.02 for4069.26 Nichols4069.5 Ave,4069.9 and,4071.02 more4071.98 recently4072.22 for4072.62 Walker4073.02 Ponds.4073.42 And4074.3 so4074.54 that's4074.7 a4075.74 variety4076.06 of4076.46 open4076.62 space4076.86 and4077.1 historic4077.34 preservation4077.74 projects,4078.38 as4079.18 well4079.34 as4079.5 Nichols4079.74 Ave.4080.22 So4082.22 we've4082.7 had4083.02 Willow4084.43 Park4085.07 come4085.47 in.4085.7 We've4086.03 deemed4086.27 them4086.51 eligible.4086.66 We've4087.63 encouraged4087.95 them4088.34 to4088.51 come4088.59 in4088.74 with4088.91 a4089.07 full4089.14 application.4089.47
4090.59 But4090.59 I4090.82 would4090.91 caution4091.14 that4091.7 you4092.59 know,4092.74 we4092.91 have4093.07 a4093.22 process.4093.39 We4094.91 have4095.07 to4095.22 meet.4095.39 We4095.63 have4095.79 to4095.95 hear4096.9 a4097.14 presentation.4097.22 We4097.86 have4098.1 to4098.58 get,4098.98 some4100.26 questions4100.58 answered.4100.98 We'd4102.34 like4102.66 to4102.82 see4102.9 the4103.14 zoning4103.3 done4103.7 before4104.02 we4104.34 seriously4105.54 consider4106.02 this.4106.42 And4107.3 then4107.46 we4107.78 have4108.02 to4108.26 go4108.34 to4108.58 the4108.74 city4108.9 council4109.14 for4109.54 approval4109.7 of4110.81 our4111.05 recommendation.4111.22 So4113.3 a4113.85 question4113.94 in4114.26 our4114.41 minds4114.65 is,4115.05 what4117.05 does4117.3 the4117.53 state4117.69 consider4118.01 as4118.41 a4118.57 commitment?4118.65 Is4119.77 going4120.34 through4120.65 our4120.98 process4121.14 and4122.26 having4122.49 an4122.73 application4122.81 before4123.38 us4123.69 part4123.94 of4124.18 the4124.26 commitment?4124.41 Do4125.68 you4125.76 need4125.84 a4126.08 formal4126.24 letter4126.64 from4126.88 the4127.04 city4127.2 council4127.44 saying4127.92 we've4128.32 given4128.64 the4128.88 grant4129.04 approval?4129.28 Is4129.68 that4129.84 a4129.92 commitment?4130.08 It's4130.8 very4131.6 unclear4131.92 to4132.32 us.4132.4 And,4132.72 what4135.92 would4136.16 tilt4136.4 the4136.64 balance4136.8 in4137.92 favor4138.08 of4138.4 the4138.48 project4138.56 of4138.88 the4138.96 state's4139.12 eyes?4139.52
COOK4145.84 -4145.84 I4145.84 would4145.91 think4146.07 it4146.31 thinks4146.8 the4147.11 votes4147.27 by4147.52 the4147.68 board4149.76 are4150.31 the4150.48 key4150.64 thing4150.88 here.4151.11 Because4151.59 nothing4151.91 is4152.15 happening4152.31 until4152.72 those4153.03 those4153.27 votes4153.52 occur.4153.84 They4154.23 occur4154.4 in4154.48 a4154.55 positive4154.64 direction.4155.27 Yeah.4156.55 Anything4159.08 else,4159.48 Mark?4159.8
KRACZKIEWICZ4161.72 -4161.72 No.4161.72 We4163.16 look4163.32 forward4163.56 to4163.8 getting4163.96 the4164.92 application4165 out4165.56 of4165.72 the4166.04 park.4166.04
4167.32 COOK4167.32 -4167.32 Thank4167.32 you.4167.48 Thanks,4167.72 sir,4168.04 for4168.28 jumping4168.52 in.4168.92 So4171.61 going4171.77 back4172.09 to4172.41 trust4173.05 here,4173.45 do4175.53 people4175.77 want4176.57 to4176.9 make4177.05 a4177.3 decision4177.53 tonight?4178.09 Do4178.81 they4179.05 want4179.14 to4179.45 wait?4179.61 I4182.34 think4182.41 if4182.57 we4182.73 put4182.9 this4183.14 off,4183.38 we4183.53 could4183.77 put4183.94 it4184.18 off4184.26 at4184.41 the4184.57 meeting.4185.02 Now4185.34 I'm4185.42 advising4185.5 that,4186.22 but4186.38 I4186.54 don't4186.62 think4186.7 we4186.86 could4186.94 put4187.1 it4187.18 off4187.34 any4187.5 longer4187.66 than4187.98 that,4188.14 where4188.94 it4189.18 sounds4189.26 like4189.5 you4189.74 would4190.06 need4190.14 this4190.3 before4190.62 your4190.94 member.4191.1
HYDE4192.78 -4192.78 I4192.78 think4192.94 it4193.1 would4193.18 be4193.34 good4193.42 to4193.58 have4193.74 Zoe's4193.9 perspective4194.3 just4195.02 on4195.42 the4195.66 Yeah.4197.28 And4198.8 kind4198.89 of4199.05 how4199.2 it4199.44 fits4199.6 in.4199.77 So,4199.93 we4200.09 have4200.16 the4200.32 exact4200.73 journey.4201.13
4201.84 FIELD4201.84 -4201.84 I4201.84 did4201.93 talk4202.16 to4202.4 Zoe.4202.56 She4203.28 was4203.52 supportive4203.69 of,4204.32 400,0004205.44 is4206.4 a4206.56 number.4206.8 You4208.4 know,4208.56 I4208.89 don't4209.28 think4209.6 that4213.33 you4213.33 need4213.57 to4213.81 wait4213.97 for4214.13 Zoe.4214.45 But4215.89 if4216.21 you4216.45 were4216.61 inclined4216.85 to4217.57 wait.4217.81 You4219.41 know,4219.57 it4219.81 certainly4219.89 isn't4220.37 an4220.69 unreasonable4220.69 or4222.13 bad4222.29 thing4222.53 to4222.69 do.4222.85
4223.57 HYDE4223.57 -4223.57 Okay.4223.57 I4223.69 think4223.81 784224.21 new4224.69 units.4224.93 That's4226.98 a4227.23 really4227.47 good4227.78 thing.4227.94
4228.27 LEON4228.27 -4228.27 Yeah.4228.27 I'm4229.23 prepared4230.1 to4230.51 especially4230.66 not4231.15 hearing4231.39 input4232.19 from4232.51 Zoe4232.82 through4233.23 Larry.4233.47 Unless4235.39 it4235.7 makes4235.86 no4236.1 difference4236.27 time4236.74 horizon4236.98 compared4237.55 to4237.94 still4238.83 focus4239.23 on4239.63 things,4239.87 you4240.03 know,4240.19
SHOW NON-ESSENTIAL DIALOGUE
4243.87 OLIVER4243.87 -4243.87 Yeah.4243.87 No.4244.83 I'm4245.15 torn.4245.71 So4245.95 on4246.11 the4246.19 14246.27 hand,4246.43 I'm,4246.59 you4246.75 know,4246.83 definitely4247.07 supportive,4247.55 and4248.03 Yeah.4248.43 Yeah.4248.75 Feel4249.07 like,4249.39 you4249.71 know,4249.87 would4252.48 approve4252.64 it4253.03 next4253.19 month4253.35 and4253.6 wouldn't4253.76 want4253.99 you4254.07 to,4254.23 you4254.48 know,4254.64 blow4255.03 any4255.27 state4255.68 deadlines.4255.99 And4256.48 again,4256.56 it's4257.52 our4257.76 first4257.91 big4258.07 funny4258.31 request.4258.64 Yeah.4259.19
4262.07 COOK4262.07 -4262.07 Scary4262.07 spending.4262.48 Yeah.4263.27 But,4265.34 partnership4266.22 over4266.78 a4266.94 couple4267.1 of4267.34 works.4267.42 That4267.66 was4267.9 quite4268.14 a4268.26 long4268.38 time4268.62 ago.4268.78
OLIVER4269.26 -4269.26 Yeah.4269.26 Yeah.4269.66 But,4270.62 you4272.7 know,4272.78 doing4274.3 the4274.54 mental4274.7 math,4275.02 I4275.26 also4275.42 think4275.74 that4275.98 we4276.7 could4276.95 approve4278.68 it,4278.91 and4279.15 it4279.31 would4279.55 kind4279.72 of4279.88 fit4279.95 within4280.19 the4280.51 parameters4280.68 of4281.15 people.4281.31 So4282.51 that's4282.84 what4282.99 we're4283.07 trying4283.15 to4283.39 figure4283.64 out.4284.11 Yeah.4284.76 Yeah.4284.84 So4285.07 why4285.55 wait?4285.8 Why,4287.95 you4289.47 know,4289.55 let4290.38 them4290.46 suffer?4290.78 I'm4292.22 happy4292.54 to4292.86 come4293.1 back4293.34 in4293.5 October.4293.66
COOK4296.06 -4296.06 The4296.06 14296.22 thing4296.38 we4296.62 don't4296.86 have4297.18 on4297.42 the4297.66 table4297.82 is4298.22 we4298.7 I4299.74 suppose4299.82 she's4300.14 weighing4300.38 this4300.62 in4301.1 light4301.26 of4301.5 a4302.06 question4302.14 that4302.54 Metro4302.62 West4302.86 is4303.1 also4303.26 going4303.58 to4303.82 make.4303.98 We4305.76 are4305.99 we4306.15 hear4306.31 from4306.55 Metro4306.88 West4307.19 staff4307.84 next.4308.4 So4309.68 do4309.91 we4310.07 want4310.31 to4310.55 hear4310.64 that4311.11 discussion4311.51 and4312.07 then4312.07 come4312.31 back4312.47 to4312.64 this,4312.8 or4313.03 do4313.15 we4313.27 wanna4313.44 move4313.76 forward4313.91 in4314.15 this4314.31 14314.47 now?4314.72
PATTERSON4315.35 -4315.35 No.4315.35 I4315.59 think4315.84 we4316.15 should4316.31 hear4316.55 both.4316.72 Yeah.4317.4 Just4317.8 my4318.12 personal4318.44 opinion,4318.76 and4319.16 I'm4319.4 also4319.56 a4319.96 little4320.04 bit4320.28 reserved.4320.52 I4321 think4321.16 that,4321.4 you4321.88 know,4322.04 our4322.2 our4322.52 budget4322.92 in4323.4 terms4323.64 of4323.88 our4324.04 overall4324.2 funds4324.84 is4325.24 pretty4325.4 modest4325.64 at4326.12 this4326.2 point,4326.36 especially4327.32 when4327.72 compared4327.96 to4328.28 the4328.44 CPC.4328.6 I4329.56 think4329.72 that4329.96 part4330.53 of4330.77 my4330.85 line4331.01 of4331.32 questioning4331.49 about4332.05 structured4332.36 parking4332.85 is4333.24 about4333.49 the4333.89 preservation4333.89 of4334.53 open4334.69 space.4335.01 Right?4335.81
4336.13 And4336.13 so4336.28 if4336.45 the4336.61 CPC,4336.85 that's4337.81 in4338.05 their4338.2 mandate,4338.93 then,4339.49 you4341.16 know,4341.32 we4341.57 should4341.73 consider4342.05 things4342.53 proportionally.4342.85 You4343.99 know?4344.15 It's4344.39 not4344.63 that4344.95 we4345.35 don't4345.59 have4345.83 a4345.91 burden4346.07 hand.4346.47 We4346.71 do4346.87 here,4347.11 and4347.43 the4347.83 trust4348.07 should4348.47 make4348.71 an4349.83 offering.4350.07 But,4351.11 I4352.23 think4352.39 that4352.71 our4353.27 full4353.59 commitment4353.83 of4354.31 400,000,4354.47 and4356.31 the4356.55 level4356.79 of4357.19 that4357.35 in4357.9 terms4358.14 of4358.3 our4358.53 overall4358.77 budget4359.18 may4359.65 be,4359.81 something4360.94 we4361.34 need4361.57 to4362.61 think4362.69 about4363.02 for4363.34 a4363.49 moment4363.57 and4363.98 hear4364.14 everybody4364.38 out4364.77 first.4365.02
4366.85 COOK4366.85 -4366.85 Alright.4368.85 So4369.18 I4369.41 think4369.49 the4369.73 decision4369.98 the4370.69 moment4370.85 that4371.26 it's4371.34 a4371.57 deferred4371.73 action.4372.22 So4374.12 the4374.36 deal4374.52 and4374.84 she4375.08 don't4375.24 feel4375.4 that4375.72 way.4375.88 We4376.36 want4376.44 this.4376.92 I'm4377.4 guessing4377.64 that4377.96 she's4378.04 meeting4378.28 that4378.52 way4378.68 at4378.92 the4379 moment.4379.08
SHOW NON-ESSENTIAL DIALOGUE
COOK-4381.96 I'd4381.96 be4382.2 happy4382.36 to4382.68 go4382.76 tonight4382.92 that4383.24 the4383.48 majority4383.64 that's4384.2 present4384.44 went4384.84 to.4385.16
4386.15 LEON4386.15 -4386.15 Well,4386.15 I4386.3 think4386.39 they4386.63 were4386.86 suggesting4387.02 at4387.66 least4387.74 just4387.98 hearing4388.15 the4388.55 Yes.4389.1
SHOW NON-ESSENTIAL DIALOGUE
4396.78 FIELD4396.78 -4396.78 Although,4396.78 I4397.1 think4397.19 that4397.43 would4397.59 mean4397.82 you're4398.06 staying.4398.39
4399.04 MILLER4399.04 -4399.04 So4399.04 I'm4399.36 happy4399.44 to4400.24 stay.4401.04
SHOW NON-ESSENTIAL DIALOGUE
FIELD4405.2 -4405.2 And4405.2 let4405.44 me4405.6 throw4405.76 out4406 something4406.24 else,4406.48 which4406.72 is4406.88 that4407.04 if4407.36 you4407.52 decide4407.68 to4408.56 hold4408.8 off4409.12 till4409.28 the4409.44 next4409.52 meeting,4409.84 with4411.28 your4411.6 permission,4411.92 I4412.64 could4412.8 work4413.12 with4413.44 or4414.2 to,4414.35 advance4415.64 the4416.03 discussion4416.2 of4416.76 the4416.99 documentation.4417.16 So4418.76 that4419.07 once4419.31 you4419.56 make4419.72 a4419.95 decision,4420.11 it4420.76 can4420.91 be4421.16 consummated4421.31 more4421.95 quickly.4422.03
4423.07 COOK4423.07 -4423.07 That'd4423.07 be4423.31 fine.4423.56 Thank4428.22 you.4428.38 Well,4428.86 I4429.34 guess4429.5 I'm4429.66 gonna4429.9 have4430.14 to4430.26 ask4430.38 you4430.54 to4430.7 say4430.86 that4431.1 now.4431.26
4431.42 MILLER4431.42 -4431.42 I'm4431.42 yeah.4431.98 No4432.22 problem.4432.46 Yeah.4432.86 I'm4433.1 looking4433.18 forward4433.42 to4433.66 it.4435.9
4435.9 COOK4435.9 -4435.9 Alright.4435.9 Thanks4436.7 for4436.94 the4437.02 moment.4437.26 That4437.58 concludes4437.74 our4438.22 discussion4438.46 about4439.02 what4439.66 part.4439.9 Maybe4440.3 to4440.62 be4440.78 back4440.94 would4441.18 be4441.42 not.4441.58 So4442.6 our4442.84 next4443.88 point4444.03 is4445.15 with4445.48 the4445.72 presentation.4446.6 I4447.23 mentioned4447.4 it4447.8 smells4447.95 and4448.19 collaborative4448.27 about4449.64 and,4450.68 you4450.8 know,4450.91 the4451.07 address4451.23 right4451.64 at4451.72 1080.4451.88 10/60.4452.6 10/604453.48 Belmont4455.23 Street.4455.64 About4459.25 the4459.85 replacement4460.45 of4460.57 the4460.69 heating4460.85 systems4461.17 there.4461.49 So4461.81 if4462.05 you4462.21 guys4462.29 would4462.53 come4462.69 up4462.85 to4463.01 the4463.09 table4463.25 and4464.05 introduce4464.29 yourselves4464.77 as4465.25 we4465.33 get4465.49 things4465.89 set4466.21 up4466.45 here4466.53 for4466.77 you,4466.93 you'll4467.57 be4467.89 writing4468.05 to4468.29 her.4468.45
FIELD4470.05 -4470.05 Yes.4470.05 I4470.53 have4470.69 to4470.85 find4471.01 it4471.25 first.4471.49
SHOW NON-ESSENTIAL DIALOGUE
4483.48 FIELD4483.48 -4483.48 This4483.48 looks4483.81 like4484.05 a4484.44 5th4484.6 year.4485.01 Yes.4485.81 Okay.4490.58 Can4490.98 everyone4491.22 see4491.62 this?4491.86
SHOW NON-ESSENTIAL DIALOGUE
4498.58 CAITLIN4498.58 MADDEN4498.58 -4498.58 METROWESTCOLLABORATIVE4498.58 DEVELOPMENT4498.58 -4498.58 Okay.4498.58 Great.4499.06 Well,4500.18 first,4501.06 I4501.38 wanna4501.46 say,4501.78 we4502.18 are4502.34 very4502.5 supportive4502.99 of4503.31 the4503.4 Housing4503.56 Authority4503.88 and4504.27 Lubbock4504.52 Parks4504.91 efforts.4505.15 And,4505.48 Mel,4505.8 thank4506.19 you4506.44 for,4506.59 sorry,4507.4 Nikki,4507.72 staying4508.03 longer.4508.35 But,4508.91 thanks4510.19 for4510.35
SHOW NON-ESSENTIAL DIALOGUE
4511.8 MADDEN4511.8 -4511.8 Oh,4511.8 yes.4511.95 Yes.4512.59 Absolutely.4512.76 Zoom4513.95 land.4514.19 Sure.4514.76 Okay.4515.15 We're4515.48 out4515.64 there4515.8 in4516.03 Zoom4516.19 land.4516.52 So,4517.31 again,4518.11 thank4518.44 you4518.59 for4518.81 having4518.97 us.4519.21 My4520.65 name4520.81 is4520.97 Caitlin4521.13 Madden.4521.53 I4521.93 am4522.09 the4522.25 executive4522.49 director4523.05 of4523.37 MetroWest4523.61 Collaborative4524.17 Development,4524.65 and4525.45 I4525.61 am4525.85 joined4526.01 by4526.33 Chris4526.73 Kristen4527.21 Duffy,4527.77 our4528.33 relatively4528.89 new4529.53 within4529.77 the4530.09 last4530.17 couple4530.41 of4530.73 weeks,4530.89 director4531.45 of4531.93 asset4532.17 management.4532.49 We4535.39 are4535.63 thrilled4535.86 to4536.19 have4536.27 Kristen4536.51 on4537.06 board.4537.31
4538.27 She's4538.27 gonna4538.51 be4538.82 providing4538.98 oversight4539.55 of4540.02 our4540.19 portfolio4540.35 and4540.98 operations4541.23 and4542.51 also4542.66 helping4542.91 us4543.15 plan4543.39 for4543.63 recapitalizations4543.86 and4544.98 renovations4545.15 of4545.78 our4545.94 portfolio.4546.1 So4547.79 she's4548.03 only4548.59 been4548.91 with4549.07 us4549.15 a4549.23 couple4549.31 of4549.47 weeks,4549.63 so4549.87 we're4550.03 gonna,4550.19 not4551.15 ask4551.39 for4551.63 all4551.79 of4552.03 the4552.11 hard4552.27 questions.4552.51 I'll4553.07 try4553.47 to4553.71 take4553.79 those4554.03 to4554.35 bite.4554.51 Thank4554.99 you.4555.15 So4557.47 we4558.27 are,4558.67 before4559.47 you4559.87 tonight4560.11 to4562.41 request4563.22 funding,4563.61 for4564.49 the4564.73 replacement4564.81 of,4565.61 boilers4566.65 at4567.22 our4567.38 property4567.53 located4567.93 at4568.34 1064568.65 Belmont.4569.53 We4571.05 understand4571.3 that4571.77 this4571.93 is4572.09 an4572.34 unexpected4572.73 request,4573.61 for4574.83 us4575.07 and4575.39 you.4575.79 And4576.99 we4577.15 understand4577.31 that4577.63 the4577.79 trust4577.95 is4578.27 juggling4578.43 a4578.83 lot4578.91 of4579.07 priorities,4579.23 and4579.79 we4579.95 appreciate4580.43 your4580.91 consideration.4581.31 Okay.4586.28 This4586.6 is4586.69 a4586.93 fancy4587.09 keyboard.4587.48
SHOW NON-ESSENTIAL DIALOGUE
MADDEN4608.82 -4608.82 Okay.4608.82 Great.4609.7 Thank4610.02 you.4610.34 So4611.78 just4612.02 briefly4612.26 before4612.74 I4613.06 jump4613.22 into4613.46 the4613.7 details4613.86 of4614.26 the4614.34 request,4614.5 for4615.46 those4615.78 of4616.1 you4616.26 who4616.5 don't4616.58 know4616.82 us,4617.06 MetroWest4618.02 Collaborative4618.57 Development4619.06 is4619.53 a4619.7 33-year-old4620.57 nonprofit4620.82 community4621.45 development4621.86 corporation.4622.41 We4623.38 were4623.61 founded4623.86 in4624.41 Watertown,4624.57 and4625.7 we4625.86 are4626.02 focused4626.26 on4626.57 affordable4626.74 housing.4627.22 So4628.41 we4628.66 focus4628.9 on4629.3 affordable4629.45 housing4629.94 in4630.26 44630.34 main4630.57 ways.4630.9
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MADDEN5309.39 -5309.39 No.5309.39 Not5309.71 that5309.87 we5310.03 are.5310.27 No.5311.07 But5313.87 we've5314.35 been5314.67 able5314.83 to5315.07 cover5315.23 the5315.47 cost.5315.63
LEON5316.75 -5316.75 Yeah.5316.75 But5316.91 some5317.47 discussions5317.55 need5318.35 to5318.51 be5318.75 about5318.91 assisting5320.19 with5320.75 that5320.91 cost5321.23 too.5321.63 So5322.11
HYDE5323.23 -5323.23 Insurance5323.23 and5323.79 the5323.95 paper.5324.11
LEON5328.8 -5328.8 Alright.5328.8 Alright.5329.59 Thank5329.99 you.5330.23
5333.44 MADDEN5333.44 -5333.44 So,5333.44 you5334.55 know,5334.72 this5335.03 source5335.35 shows5335.99 you5336.47 know?5336.64 So5337.19 $142,000,5337.86 it's5339.22 a5339.46 significant5339.62 cost,5340.26 in5341.38 addition5341.54 to5341.86 the5342.02 other5342.1 costs5342.66 associated5343.06 with5343.46 the5343.7 property.5343.78 For5344.82 MetroWest,5345.14 it5345.78 diverts5345.94 essential5346.34 resources5346.74 away5347.22 from5347.46 our5347.7 operations5347.86 and5348.5 the5348.66 services5348.82 that5349.22 we5349.38 offer5349.54 to5349.78 the5349.86 community.5350.02 We5352.51 haven't5352.76 put5353.15 a5353.47 $100,0005353.72 request,5354.68 from5355.55 the5355.72 trust5355.88 here,5356.19 but5356.44 understand5356.68 that5357.07 there5357.15 are5357.4 a5357.47 lot5357.55 of5357.72 competing5357.88 priorities,5358.35 and5360.19 that's,5360.44 the5361.95 trust's,5362.19 determination5364.35 about5365.07 what5365.31 is5365.47 appropriate5365.72 for5366.19 this5366.35 use.5366.59 So5368.79 this5369.35 is5369.51 a5369.67 respectful5370.15 request5370.87 and5371.27 understand5371.51 that5371.83 you5372.07 have5372.39 a5372.39 lot5372.55 of5372.71 things5372.79 that5373.03 you're5373.11 sorting5373.35 through.5373.67
5376.87 And5376.87 just5377.03 very5377.35 quickly5377.59 because5377.99 I5378.23 know,5378.39 that5378.87 you're5379.03 gonna5379.35 wanna5379.81 be5380.05 thinking,5380.22 you5380.69 know,5380.85 forward.5381.18 So5382.3 Metro5382.85 West5383.26 is5383.49 in5383.65 the5383.81 very5383.9 early5384.22 stages5384.45 of5385.01 exploring5385.34 refinancing5385.81 options,5386.53 that5387.73 would5387.9 allow5388.14 for5388.45 the5388.61 renovation5388.77 and5389.26 preservation5389.41 of5389.98 these5390.05 185390.3 units5390.61 of5390.94 affordable5391.09 housing.5391.49 But5395.81 the5396.13 earliest5396.37 potential5396.69 start5397.01 date5397.33 for5397.49 that5397.65 renovation5397.81 would5398.29 be5398.45 2026.5398.69
5399.81 We5400.85 also5401.09 plan5401.41 to,5401.81 perform5403.65 a5404.05 capital5404.21 needs5404.69 assessment,5405.01 at5405.97 MetroWest5406.21 CD's5406.93 cost,5407.41 to5408.37 determine5408.53 the5409.01 scope5409.17 of5409.49 a5409.57 moderate5409.65 to5410.05 substantial5410.61 rehabilitation5410.85 of5411.66 the5411.9 property.5411.98 And5413.66 we5413.98 plan5414.38 to5414.7 continue5414.94 to5415.34 defer5415.49 our5415.81 asset5416.14 management5416.45 fee5416.94 and5417.18 resident5417.34 services5417.73 fee,5418.22 to5419.02 the5419.18 property5419.34 until5419.81 the5420.85 cash5421.02 flow5421.18 supports5421.57 those5421.98 costs.5422.3
SHOW NON-ESSENTIAL DIALOGUE
5425.89 HYDE5425.89 -5425.89 Is5425.89 it5426.05 accruing5426.21 or5426.85 is5427.09 it5427.25 have5427.89 you5428.13 been5428.53 naming5428.77 it?5429.17
5430.61 COOK5430.61 -5430.61 Management.5430.61 Asset5431.01 management.5431.33
MADDEN-5431.73 Asset5431.73 management5432.05 has5432.53 been5432.69 accruing.5432.93 Resident5433.57 services5434.05 have5434.53 been5434.77 made5435.09 to5435.57 date.5435.73
5437.01 COOK5437.01 -5437.01 Just5437.01 to5437.09 be5437.16 clear,5437.45 resident5437.73 services,5438.13 is5438.6 that5438.77 maintenance,5439.41 or5439.89 is5440.13 that5440.28 other5440.45 I5440.85 put5441.01 that5441.24 for5441.49 resident5441.65 services5442.2 that5442.77 you're5442.93 referring5443.16 to?5443.49
MADDEN5443.89 -5443.89 Right.5443.89 So5444.13 we5444.45 have5444.69 maintenance5444.93 at5445.32 fill-in.5445.65 We5446.05 have5446.2 24-hour5446.85 maintenance5447.01 at5447.49 the5447.56 building5447.73 through5448.13 our5448.28 third-party5448.77 professional5449.25 property5449.73 management5450.13 company.5450.53 The5451.65 resident5451.81 services5452.21 that5452.61 Metro5452.85 West5453.17 provides5453.49 are,5453.89 assisting5454.69 households5455.09 with5455.65 urgent5455.89 needs5456.29 around5456.53 rental5456.85 assistance,5457.33 and5459.81 other5459.97 types5460.29 of5460.61 household5460.69 needs.5461.17
5463.59 COOK5463.59 -5463.59 What5463.59 is5464.23 continuing5464.4 that?5464.95 Can5465.27 you5465.59 give5466.15 us5466.4 a5466.88 sense5467.03 of5467.35 the5468.72 dollar5468.95 value5469.35 of5469.68 the5469.91 services5470.07 that5471.03 have5471.19 been5471.35 provided5471.51 here5472.07 by5472.55 MetroWest5472.8 without5473.35 getting5473.59 reimbursed?5473.91 The5474.8 dollar5475.03 value5475.27 of5475.76 what's5475.84 been5476.47 deferred?5476.88
MADDEN5480.5 -5480.5 So5480.5 roughly5481.22 see.5483.78 We5485.94 have5486.1 not5486.34 been,5486.58 you5487.06 know,5487.22 accruing5487.54 the5487.86 resident5487.94 services5488.34 fee,5488.82 so5489.06 that5489.3 wouldn't5489.46 be5489.78 taken5489.86 into5490.18 account.5490.5 But5490.82 so5491.22 far,5491.38 I5491.62 think5491.7 it's5491.94 roughly5492.1 $150,000.5492.74 And5497.35 I5497.48 have5497.6 it5497.84 in5497.91 my5498.07 notes5498.15 here.5498.4
5498.95 COOK-5498.95 For5498.95 your5499.03 fee5499.91 our5501.11 management5501.27 fee,5501.76 essentially.5501.99
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5508.92 COOK5508.92 -5508.92 Would5508.92 that5509.08 be5509.32 recouped5509.8 to5510.28 the5510.6 kind5510.68 of5510.92 refinance5511.08 or5511.8 with5511.96 that?5512.12 Is5512.44 that5512.6 just5512.76 gonna5512.92 have5513.24 to5513.56 get5513.64 pumped?5513.88
MADDEN5515.8 -5515.8 Well,5515.8 we're5516.12 still5516.28 working5516.68 through5517.08 the5517.48 details5517.56 of5518.12 refinance.5518.28
5520.44 COOK5520.44 -5520.44 I'm5520.44 not5520.52 sure.5520.68 Can5523.4 you5523.56 tell5523.64 us5523.72 when5523.72 we5523.88 do5524.03 a5524.11 good5524.2 capital5524.36 needs5524.68 assessment5524.91 for5525.32 this5525.4 property?5525.64 Will5525.95 that5526.11 extend5526.2 to5526.52 your5526.6 other5526.84 properties5526.99 to5527.8 go?5527.88
5528.91 MADDEN5528.91 -5528.91 So5528.91 we5529.07 have5529.32 a5529.48 capital5529.64 needs5530.03 assessment5530.28 for5530.6 Saint5530.84 Joseph5531.07 Hall,5531.4 that5532.28 we5532.44 performed5532.6 around5532.99 the5533.24 time5533.4 of5533.64 the5533.72 elevator5533.95 replacement.5534.44 We're5534.91 in5535.16 great5535.32 shape5535.56 there.5535.8 The5536.03 fact5536.11 that5536.28 we're5536.44 taking5536.52 care5536.84 of5536.99 all5537.07 of5537.24 those5537.4 needs,5537.56 the5538.86 property5539.02 is5539.34 very5539.5 financially5539.74 healthy.5540.22 285541.26 QMB,5541.74 we're5542.22 in5542.46 the5542.54 process5542.62 of5543.02 seeking5543.18 grant5543.58 funding.5543.82 We5544.86 know5545.02 that5545.18 it5545.34 needs5545.42 renovation.5545.74 So5547.9 that5548.06 I5548.3 can5548.38 be5548.54 sold5548.7 to5549.02 an5549.26 eligible5552.73 buyer.5553.38 Yeah.5553.94 But5554.97 those5555.22 plans5555.45 are5555.69 still5555.94 under5556.26 the5557.14
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LEON5566.56 -5566.56 Yeah.5566.56 The5566.64 good5566.72 deal5566.8 is5567.28 the5567.44 actual5567.44 start5567.84 date5568.16 for5568.64 the5568.96 work5569.2 base.5569.52 We're5569.76 getting5570 ready5570.32 to5570.43 start.5570.8 Or5571.36 has5571.6 started?5571.84
5572.24 MADDEN5572.24 -5572.24 Yes.5572.24 Yeah.5572.48 It5572.72 should5572.96 be5573.28 done5573.6 by5573.92 the5574.08 1st5574.24 week5574.48 of5574.64 October.5574.88 They've5575.44 been5575.52 they5575.76 had5575.92 to5576.08 replace5576.24 the5576.64 boilers5576.88 and5577.44 bases5577.68 in5578.4 case5578.64 there5579.6 were5579.84 some5579.99 issues.5580.07 So5580.48 that5580.56 way,5580.8 there5580.88 wasn't5581.03 a5581.35 total5581.44 loss.5581.84
5583.28 LEON-5583.28 So5583.28 you're5583.6 seeking5583.76 reimbursement5584.24 in5584.8 this5584.95 case?5585.11
5586.07 MADDEN5586.07 -5586.07 Right.5586.07 So5586.32 we5586.56 paid5586.8 the5587.03 50%5587.2 deposit,5587.84 so5588.48 about5588.95 $71,000,5589.35 and5591.11 then5591.28 the5591.52 second5591.68 50%5591.99 will5592.72 be5592.88 due,5593.03 at5593.99 the5594.16 time5594.32 of5594.48 completion.5594.64
5596.54 LEON-5596.54 So5596.54 that,5596.78 at5596.86 least,5596.94 that5597.26 alone5597.34 may5598.3 need5598.46 to5598.62 decide5598.78 the5599.1 process5599.26 can5599.58 be5599.74 what5599.82 would5599.9 be5600.06 at5600.22 least5600.3 amount5600.46 of5600.66 volume5600.86 in5601.5 this5601.74 case.5601.98
5606.94 COOK5606.94 -5606.94 Is5606.94 there5607.1 any5607.34 other5607.58 particular5607.98 person5608.78 searching5609.18 for5610.06 echo5610.06 things5611.53 on5613.13 the5613.28 property?5613.45
KRISTEN5614.81 DUFF5614.81 -5614.81 METRO5614.81 WEST5614.81 COLLABORATIVE5614.81 DEVELOPMENT-5614.81 So5614.81 I've5614.97 spoken5615.45 with5615.93 our5616.24 property5616.49 manager,5617.05 and,5617.85 you5618.32 know,5618.49 they've5618.65 been5618.97 conducting5619.2 their5619.69 regular,5619.85 unit5620.65 inspection.5621.05 So5621.85 according5622.41 to5622.81 them,5622.89 there's5623.2 no5623.45 major,5624.37 deferred5625.65 maintenance5626.05 or5626.37 anything5626.53 like5626.85 that.5627.01 It5627.25 presumably5627.33 has5627.89 a5628.13 crystal5628.21 ball.5628.53 We5628.69 weren't5628.85 expecting5629.09 Yeah.5630.21 The5630.53 boilers5630.69 fail.5631.49 It5631.89 kind5631.97 of5632.13 would5632.37 have5632.53 been5632.61 great5632.69 if5632.93 we'd5633.17 known5633.33 a5633.81 year5634.13 ago.5634.29 But5636.29 so5636.53 based5636.93 on5637.25 property5637.41 management's5637.81 assessment,5638.45 there's5639.73 nothing5640.05 known.5640.85 But,5641.65 again,5642.05 we5642.38 can't5642.69 assure5643.65 staff5644.61 buildings5645.18 of5645.65 this5645.81 age,5646.05 and5646.69 then5646.77 rehab5647.01 that's5647.65 about5648.05 185648.45 years5648.69 old.5648.93
MADDEN5651.83 -5651.83 And5651.83 we5652.07 do5652.15 have,5652.39 the5652.95 property5653.11 does5653.59 have5653.91 a5654.31 modest5654.47 amount5654.87 of5655.11 reserves5655.27 available5655.75 now.5656.31 We5657.03 did5657.19 not5657.51 want5657.75 to,5657.91 train5660.63 those5661.11 reserves.5661.43 It's5662.63 about5662.87 $40,0005663.11 in5664.23 the5664.39 capital5664.79 needs5665.19 account.5665.83 But5668.38 we5668.61 wanted5668.77 to5669.1 be5669.18 sure5669.34 that5669.49 we5669.66 were5669.81 maintaining5669.98 some5670.45 kind5670.61 of5670.77 minimum5671.02 balance5671.34 for5671.66 the5671.81 little5671.9 things5672.22 that5672.53 will5672.7 come5672.94 up,5673.18 over5673.9 the5674.14 next5674.22 couple5674.53 of5674.77 years.5674.85
COOK5676.85 -5676.85 Do5676.85 you5677.1 plan5677.1 to5677.34 use5677.49 any5677.66 of5677.81 that5677.9 money5678.14 toward5678.45 your5680.31 replacement?5680.71
5682.55 MADDEN5682.55 -5682.55 Not5682.55 at5682.79 this5682.95 time.5683.19 Because5684.47 that's5684.71 kind5684.95 of5685.19 below5685.43 what5685.91 Metro5686.23 West5686.55 would5686.87 consider5687.03 to5687.51 be5687.59 our5687.75 minimum5687.99 balance5688.39 to5689.11 begin5689.27 with.5689.59
5690.15 COOK5690.15 -5690.15 Same5690.15 with5690.39 operating5690.71 at5691.11 the5691.19 same.5691.35 You5695.6 got5695.68 a5695.8 question,5695.91
SHOW NON-ESSENTIAL DIALOGUE
5707.44 COOK5707.44 -5707.44 Okay.5707.44 So5709 I5709.32 guess5709.4 that'd5709.64 be5709.88 the5710.04 case.5710.6 We5711.96 should5712.12 be5712.28 we5712.76 should5712.84 discuss5713.08 what5713.48 to5713.64 do5713.8 here.5713.96
5716.2 HYDEN5716.2 -5716.2 With5716.2 total5716.52 of5716.84 5.50,0005716.92 someone5717.72 asked.5717.96 We5719.08 deal5719.24 between5719.56 the5719.96
SHOW NON-ESSENTIAL DIALOGUE
KRACZKIEWICZ5730.34 -5730.34 I'm5730.34 wondering5730.65 whether5732.18 it5732.9 may5733.14 be5733.38 a5733.53 better5733.69 strategy5734.02 just5734.49 to5734.81 fix5734.9 the5735.14 one5735.38 boiler.5735.61 And5736.91 then5736.99 for5737.23 the5737.47 two5737.63 other5737.87 parts,5738.83 go5739.87 forward5740.11 the5740.59 forced5740.91 high5742.59 capacity,5742.91 forced5744.03 air5744.91 heat5745.31 pump,5745.55 in5747.07 the5747.23 other5747.31 two5747.95 buildings,5748.27 which5749.56 we've5749.8 done5749.97 with,5750.2 a5750.93 mini5751.16 tubing5751.4 system5751.8 and5752.84 reduce5753.09 the,5753.56 need5754.36 for5754.6 the5754.84 residents5755.01 to5755.48 have,5755.65 window5756.69 air5757.16 conditioners5757.24 which5757.8 I5758.05 see.5758.13 And5760.6 you5760.76 might5761.01 be5761.16 able5761.32 then5761.48 to5761.65 get5761.8 some5762.05 state5762.94 funding5763.34 for5763.74 doing5764.22 converting5767.26 to5767.74 electric,5768.06 all-electric.5770.94 I'm5772.3 just5772.46 sort5772.7 of5772.86 following5772.94 up5773.26 on5773.34 Leo.5773.58 I5773.82 just5773.98 think5774.38 it's5775.56 a5775.8 mistake5775.95 to5776.52 go5776.76 to5776.99 gas5777.16 and5777.48 not5777.72 go5777.88 directly5778.11 to5778.52 all-electric.5779.72 I'm5781.88 speaking5782.11 not5782.44 as5782.76 as5783.07 a5783.31 private5783.4 citizen5783.8 here,5784.2 not5784.35 as5784.6 the5784.76 chair5785.16 of5785.31 the5785.48 CPC5785.64 here.5786.11
MADDEN5788.36 -5788.36 Right.5788.36 Would5788.6 you5788.68 like5788.84 me5789 to5789.08 understand?5789.16
5789.72 COOK5789.72 -5789.72 Yeah.5789.72 Please.5790.28
5791 MADDEN5791 -5791 Sure.5791 And5791.32 I5791.48 think5791.72 that5791.96 that5792.12 would5792.2 have5792.92 been5793 our5793.16 preference5793.4 as5793.8 well.5793.96 You5794.68 know,5794.92 and,5795.16 we5797.32 did5797.56 have5797.72 three5797.96 contractors5798.28 come5798.84 by5799 and5799.16 advise5799.4 us5799.96 on5800.12 the5800.52 best5800.68 system,5801 keeping5802.4 in5802.8 mind,5802.97 you5803.2 know,5803.44 minimizing5803.68 disruption5804.32 to5804.89 the5805.05 residents5805.2 who5805.68 are5805.84 in5805.93 place5806.09 now.5806.4 You5807.93 know,5808.16 understanding5808.4 that5808.97 we5809.13 couldn't5809.28 support5810.8 kind5811.28 of5811.44 the5811.52 costs5811.68 and5812.01 the5812.24 disruption5812.48 of5813.2 having5813.36 to5813.68 move5813.84 folks5814.09 out5814.32 of5814.48 their5814.56 units5814.8 during5815.52 the5815.76 replacement5815.93 work.5816.48 So5817.83 while5818.15 this5818.39 is5818.63 certainly5818.71 not5819.11 our5819.27 preferred5819.83 path,5820.31 we5821.35 do5821.51 think5821.83 that5822.15 it5822.39 will5822.55 come5822.79 with5823.03 significant,5823.51 you5823.99 know,5824.15 efficiencies5824.39 and5824.95 savings5825.19 for5825.59 the5825.75 building,5826.23 and5826.63 this5826.87 was5827.11 our5827.59 only5827.83 option.5828.07
5829.4 KRACZKIEWICZ5829.4 -5829.4 Yeah.5829.4 We5830.03 just5830.28 did5830.52 the5830.84 1st5832.11 floor5832.52 of5832.76 our5832.91 house5832.99 with5833.24 the5833.4 heat5833.56 pump,5833.72 and5833.95 we5834.11 did5834.2 this5834.44 mini5834.68 tubing5835.32 business.5835.72 And5835.95 we5836.11 stayed5836.28 in5836.52 the5836.6 house5836.68 while5836.91 they5837.07 did5837.24 it.5837.4 It5837.48 was5837.56 a5837.8 2-day5838.52 job,5838.76 so5838.99 the5839.24 people5839.48 didn't5839.72 have5839.88 to5840.03 move5840.11 out.5840.44 I5841.24 do5841.64 take5841.88 issue5842.03 with5842.35 some5842.52 of5842.68 these5842.84 some5843.32 of5843.56 your5843.72 contractors5843.88 there.5845.38
5848.98 UNIDENTIFIED5848.98 SPEAKER5848.98 -5848.98 That's5848.98 down,5849.22 like,5849.38 the5849.62 whole5849.7 property5849.94 to5850.34 send5850.42 away5850.66 at5850.98 this5851.06 point.5851.38 So5851.7 it's5852.26 what5852.58 you5852.82 just5852.98 thought5853.22 may5853.46 not5853.62 be5853.86 an5854.02 option5854.18 at5854.42 this5854.58 stage.5854.82
5855.94 UNIDENTIFIED5855.94 SPEAKER5855.94 -5855.94 May5855.94 not5856.18 be,5856.34 but5856.58 I5856.74 think5856.82 it's5856.98 an5857.38 opportunity5857.62 lost.5858.5
5860.88 UNIDENTIFIED5860.88 SPEAKER5860.88 -5860.88 So5860.88 thoughts5862.56 from5862.95 the5864.15 board,5864.15 the5864.72 trust5864.88 members?5865.19 Since5866.48 what's5866.8 that?5867.27 We've5867.44 got5867.68 half5867.99 $1,000,0005868.07 of5868.95 requesting5869.19 money.5869.6
5871.6 MADDEN5871.6 -5871.6 I5871.6 mean,5871.68 I'll5871.84 just5871.99 say,5872.15 I'm5872.48 supportive5872.8 of5873.07 this5873.35 request.5873.6 And5873.91 I5874.07 think5874.15 for5874.4 lots5874.56 of5874.8 different5874.95 reasons,5875.27 it's5875.68 not5875.91 ideal,5876.88 but5877.44 given5877.68 the5878.16 circumstances,5878.32 you5881.2 know,5881.36 it's,5881.92 you5883.84 know,5884 it5884.4 I5884.64 think5884.8 it's5884.96 a5885.36 reasonable5885.84 fair5886.32 use5886.88 of5887.12 all5887.28 funds.5887.52 I5888.4 think5888.48 also5888.8 the5889.68 replacement5890.32 of5890.96 three5891.04 systems5891.28 now,5891.76 you5892.7 know,5892.86 gives5893.02 you,5893.34 you5895.18 know,5895.34 a5895.57 decent5895.66 amount5896.06 of5896.3 lead5896.45 time5896.61 for5897.02 however5897.49 long5897.82 it5898.06 takes5898.14 to5898.45 do5898.86 the5899.1 full,5899.18 you5899.49 know,5899.74 recapitalization5900.06 renovation,5900.86 sort5902.61 of,5902.86 you5903.02 know,5903.18 even5903.26 though5903.49 it's5903.74 not5903.9 electric.5904.7 Yeah.5905.26 It's5905.49 just5905.66 a5906.66 good5906.7 solid5907.1 project5907.42 to5907.74 make5907.9 sure5908.06 this5908.3 piece5908.54 of5908.78 it5908.86 is5909.02 off5909.18 the5909.42 table5909.5 while,5909.98 you5910.7 know,5910.86 the5911.26 process5911.58 of5911.9 figuring5912.06 out5912.38 the5912.54 next5912.7 steps.5912.94 So,5913.98 I5915.5 would5915.66 say,5915.82 generally,5916.22 I'm5916.78 supportive5916.86 even5917.42 though,5917.66 you5917.9 know,5918.06 again,5918.22 for5918.62 all5918.78 these5918.86 reasons,5919.1 it's5919.5 not5920.51 no5920.91 one5921.06 wants5921.23 to5921.34 be5921.47 doing5921.63 it,5921.94 but5922.02 Yeah.5922.51 You5922.72 know?5922.82
5923.15 HYDE5923.15 -5923.15 It's5923.15 an5923.39 immediate5923.55 need.5923.94
5924.1 OLIVER5924.1 -5924.1 It's5924.1 an5924.19 immediate5924.19 need.5924.74 Residents5925.06 who5925.55 are5925.7 Yeah.5925.94 So5926.19 we5926.27 don't5926.35 know5926.51 why5926.59 it's5926.74 not5926.91 residents5927.06 to5927.47 not5927.63 have5927.78 heat5927.94 in5928.1 the5928.35 winter.5928.43 And5929.39 it5929.55 sounds5929.63 like5929.86 they've5930.19 done5930.43 Less5930.91 than5931.06 ideal.5931.31 Yes.5931.7 It5932.1 sounds5932.27 like5932.59 they've5932.74 done,5932.98 you5933.39 know5933.55
SHOW NON-ESSENTIAL DIALOGUE
COOK5934.41 -5934.41 Their5934.41 due5934.57 diligence5934.89 to5935.37 get5935.61 here.5935.93 Yeah.5936.57 So5936.97
5939.53 PATTERSON5939.53 -5939.53 Yeah.5939.53 I'll5939.77 just5940.01 second5940.33 what5940.65 Helen5940.97 said.5941.29 I5941.61 think5942.09 that5942.41 we're,5942.81 time-crunched5944.81 here.5945.29 However,5947.16 if5947.48 I5947.8 understood5947.95 the5948.44 heating5948.76 system5949.07 better5949.4 and5949.8 could5951.64 discuss5951.95 options,5952.52 I5953.07 think5953.23 that5953.48 we5953.72 could,5953.88 as5954.52 Mark5954.76 said,5955.07 push5955.31 back5955.64 a5955.8 little5955.95 bit5956.11 on5956.44 the5957.07 contractors5957.4 that5957.95 have5958.11 submitted5958.27 bids5958.68 and5958.99 ask5959.16 them5959.4 at5959.97 least5960.13 more5960.37 questions.5960.69 Right?5961.25 Could5961.49 a5961.73 low5961.81 temp5962.13 hot5962.45 water,5962.61 reeks5963.73 research5964.45 system5964.85 with5965.41 boosters,5966.21 for5966.77 example,5966.93 be5967.73 an5967.97 option,5968.13 or5971.98 you5971.98 know,5972.22 what5972.39 exactly5972.86 is5973.26 the5973.51 infrastructure5973.74 investment?5974.39 It5974.94 seems5975.18 to5975.51 be5975.59 a5975.9 1-for-15976.63 swap5976.94 of5977.66 35977.9 large5978.78 gas-fired5979.66 boilers,5979.98 which5980.63 I5980.94 agree5981.1 is5981.66 much5981.66 more5981.9 efficient5982.15 and5983.82 a5984.06 better5984.22 investment5984.47 than5985.02 oil,5985.26 but5985.66 fuel5987.29 in5987.61 general,5987.69 as5988.73 opposed5988.89 to5989.21 electricity5989.45 is5989.85 not5990.01 the5990.25 future.5990.33 So,5990.73 I5991.77 agree5992.17 with5992.41 Helen,5992.65 though.5992.97 I5993.13 think5993.21 we5993.37 should5993.53 just5993.69 move5993.93 on5994.09 in5994.57 support.5994.97
5997.61 COOK-5997.61 Joe,5997.61 David,5997.93 any5998.41 thoughts?5998.57 No.5999.29 I5999.53 agree5999.61 with5999.93 him.6000.25
SHOW NON-ESSENTIAL DIALOGUE
6002.14 COOK-6002.14 So6002.14 let6002.53 me6002.78 get6002.94 talking6003.02 about6003.34 the6003.57 yeah.6003.98 I6004.22 just6004.78 to6005.1 be6005.18 clear.6005.34 I'm6005.57 sorry.6005.66 The6005.98 work6006.14 has6006.38 already6006.94 started6007.18 with6007.66 that.6007.9 Yeah.6008.7
UNIDENTIFIED6008.94 SPEAKER6008.94 -6008.94 I6008.94 do6009.1 understand6009.41 that.6009.81 My6011.18 personal6011.66 feeling6012.22 is6012.61 that6012.78 we6012.94 should6013.1 provide6013.34 some6013.74 support6013.98 here.6014.45 The6015.29 question6015.45 for6015.69 me6015.93 is6016.17 more6016.33 just6016.57 how6016.73 much,6016.97 but6017.85 the6018.09 knowledge6018.25 is.6018.81 So6021.61 do6021.77 people6021.93 have6022.25 thoughts6022.49 about6022.81 that6023.05 since6024.09 we're6025.29 seeing6025.45 or6025.93 since6026.17 you6026.33 see6026.49 they6026.65 have6026.73 a6026.89 consensus6027.05 that6027.53 we6027.69 won't?6027.85
6031.18 MADDEN6031.18 -6031.18 And6031.18 then6031.49 why6031.57 us6032.06 a6032.22 100,0006032.45 on6033.1 this?6033.34
6035.02 HYDE6035.02 -6035.02 Like,6035.02 where6035.49 did6035.66 you6035.9 get6036.06 that6036.22 number6036.45 from6037.82 to6038.53 ask6038.7 us6039.02 for6039.18 versus6039.49 half6040.14 of6040.38 the6040.53 cost?6040.7
6041.1 MADDEN6042.53 -6042.53 Right.6042.53 So,6042.94 it6044.54 was6044.7 based6045.02 on,6045.26 you6045.58 know,6045.74 some6045.98 of6046.14 the6046.38 contributions6047.34 to6047.98 date6048.06 that6048.3 MetroWest6048.46 has6049.1 made6049.26 to6049.42 the6049.58 property,6049.66 and,6051.82 you6052.22 know,6052.46 understanding6053.5 that6054.06 if6054.94 the6055.18 trust6055.34 provided6055.58 a6055.98 $100,000,6056.06 you6057.02 know,6057.18 MetroWest6057.5 would6058.14 still6058.3 be6058.46 providing6058.62 the6059.02 $50,000,6059.18 which6060.68 is6060.84 a6061.07 significant,6061.23 expense6063.07 for6063.4 us.6063.55 But6064.44 it6065.07 was,6065.23 you6068.03 know,6068.19 a6069.88 little6070.03 bit6070.27 arbitrary,6070.51 and6071.8 up6072.03 for6072.19 discussion.6072.44
6074.82 COOK6074.82 -6074.82 I6074.82 would6074.98 keep6075.22 Philadelphia.6077.62
6080.02 MADDEN-6080.02 I6080.02 mean,6080.1 truly,6080.58 we6080.9 would6081.06 be6081.22 grateful6081.3 for6081.78 whatever6082.02 support6082.34 the6082.66 trust6082.82 would6083.06 provide.6083.22
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6091.39 OLIVER6091.39 -6091.39 It's6091.39 between6091.47 706092.91 Yeah.6093.31 I6093.47 mean,6093.55 I6093.63 think6093.7 yeah.6094.27 The6094.59 75-ish6095.55 sounds6095.78 like6096.19 what's6096.35 sort6096.74 of6096.91 the6097.07 remaining6097.15 balance.6097.55 So6097.86 I6098.03 think,6098.1 you6098.19 know,6098.35 definitely6098.51 no6099.07 less6099.31 than6099.55 75.6099.78 Okay.6100.43 And6100.82 then6100.99 I6101.86 don't6102.03 know.6102.19 I6102.43 mean,6102.51 we6103.15 have6103.31 a6103.47 lot6103.55 of6103.78 potential6104.61 needs6105.09 in6105.33 their6105.41 hand.6105.57 I6105.81 feel6105.89 like6106.13 25,0006106.93 for6107.97 them6108.13 now6108.37 is6108.77 worth6108.93 more6109.25 than6109.49 25,0006109.73 to6111.33 us6111.49 in6111.81 the6111.89 future,6111.97 in6113.49 terms6113.65 of,6113.97 you6114.29 know,6114.45 budget6115.97 and6116.37 stuff.6117.69 So6117.85 I'm6118.1 comfortable6118.41 with6118.81 the6118.98 full6119.06 100,6119.77 but,6120.26 you6121.06 know6121.22 Yeah.6121.53 But6121.85 if6122.3 others6122.9 feel6123.3 strongly6123.53 about6123.85 75.6124.18
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6131.79 OLIVER6131.79 -6131.79 Sounds6131.79 like6132.11 that6132.27 sucks.6132.35
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SHOW NON-ESSENTIAL DIALOGUE
6248.28 HYDE6248.28 -6248.28 You6248.28 know,6248.44 for6249.24 well,6250.2 to6250.6 Yeah.6251.96 To6252.52 progress,6252.68 I6254.76 think6254.92 there's6255.08 an6255.48 immediate6255.64 need6256.28 for6256.52 a6256.68 commitment6256.76 from6257.32 us.6257.56 Whether6259.36 it's6259.77 a6260.09 lesser6260.24 amount6260.56 just6260.97 because6261.2 we're6261.6 trying6261.77 to6262.16 well,6267.44 it's6267.77 just6267.85 excuse6268.24 me.6269.52 It6269.77 says6269.93 26270.09 projects.6270.32
FIELD6273.39 -6273.39 That's6273.39 what6273.63 your6273.87 order6274.03 is6274.35 prior.6274.43 Yeah.6274.75 So6274.99
COOK6276.43 -6276.43 Well,6276.43 but6277.07 I6277.23 said,6277.39 I6277.63 think6277.79 to6278.27 move6278.51 forward6278.67 here6278.91 with6279.07 somebody's6279.23 make6279.71 a6279.87 motion6279.95 and6280.99 probably6281.31 put6281.63 a6281.79 number6281.87 out6282.19 there.6282.35 I6283.23 don't6283.76 think6283.99 I'm6284.15 I6284.4 don't6284.48 mind6284.72 telling6285.11 you6285.27 I'm6285.44 allowed6285.59 to6285.91 do6285.99 that.6286.15 I6286.4 think6286.55 it's6286.8 the6287.03
6287.44 HYDE6287.44 -6287.44 I6287.44 think6287.51 a6288.07 motion6288.23 to6288.72 support6289.03 $100,000.6289.84
COOK6294.72 -6294.72 Do6294.72 we6294.72 need6294.88 a6295.03 second6295.11 before6295.59 we6295.91 go6295.99 to6296.15 discussion?6296.31
6297.2 LEON6297.2 -6297.2 It6297.2 is6297.36 second6297.6 first.6298.08 Yeah.6298.56 Okay.6299.04
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6395.18 FIELD6395.18 -6395.18 For6395.18 information6395.49 option6396.22 c,6396.61 which6396.85 was6397.18 a6397.41 balance,6397.57 current6399.02 projects6399.41 would6399.98 be6400.22 50%,6400.53 556,000.6402.14
6405.31 COOK-6405.31 Current6405.31 meeting,6405.63 what's6405.87 before6406.11 us6406.43 today?6406.59
6407.63 PATTERSON6407.63 -6407.63 556.6407.63 Alright.6408.59 So6408.99 even6409.23 with6409.47 a6409.71
SHOW NON-ESSENTIAL DIALOGUE
FIELD6410.43 -6410.43 So6410.43 it6410.75 could6410.91 include6411.23 something6411.63 else6412.19 that6412.59 we6413.39 know6413.63 is,6414.11
6415.07 COOK6415.07 -6415.07 discussion6415.07 elsewhere.6415.95 Let's6416.75 just6416.99 say.6417.23 But6417.71 not6418.11 under6418.27 discussion6418.59 this6419.07 week.6419.31 Right.6420.4 So6422.89 this6423.13 would6423.36 but6423.68 let's6423.84 see6424.01 what6424.09 the6424.32 need6424.56 is.6424.72 They6425.05 have6425.2 to6425.6 do6425.68 this6425.93 with6426.09 60,000.6427.36 No.6428.48 70,000.6428.8 Oh,6430.09 $70,0006430.89 roughly.6432.89 So6433.95 this6434.03 is6434.35 the6434.43 project6435.55 under6435.95 option6435.95 c,6436.27 it6436.51 would6436.59 leave6436.75 us.6437.71 Yeah.6438.11 What6438.83 was6439.07 in6439.23 the6439.47 future6439.63 projects?6440.03
6441.07 FIELD6441.07 -6441.07 For6441.07 that,6441.15 467,000.6443.15
6446.35 COOK6446.35 -6446.35 Possibly6446.35 500.6446.99 It's6448.81 about6449.05 550,0006449.77 that6451.28 could6451.52 be6451.69 used6451.85 within6453.69 the6454.01 next6454.09 well,6455.2 maybe6455.52 months6455.77 rather6456.09 projects6456.41 that6456.81 would6456.97 be,6457.2 which6458.09 seems6458.32 like6458.56 it6458.73 would6458.81 be6458.97 enough6459.13 to6459.36 fund6459.6 at6460.16 least6460.24 16460.56 more6461.45 project6461.85 to6462.32 move6462.56 it6462.73 forward.6462.89 So6468.78 the6469.26 more6469.42 than6469.58 876469.74 and6470.02 a6470.3 half,6470.38 like,6470.7 do6470.86 I6470.89 need6470.91 to6470.94 the6473.69 amendment6473.9 to6474.62 Yeah.6475.02
6475.9 HYDE6475.9 -6475.9 The6475.9 amendment6476.14 to6476.62 the6476.7 motion6476.86 Yes.6477.66 Provide6479.4 $87,500.6480.35
6482.44 COOK6482.44 -6482.44 And6483.07 will6483.48 you6483.72 get6483.8 a6483.95 second6484.03 for6484.35 that?6484.51 2nd.6486.03 Okay.6486.68 More6488.27 discussion,6488.51 are6488.99 we6489.07 ready6489.23 for6489.48 a6489.64 vote?6489.8 Ready6490.44 for6490.76 a6490.99 vote.6491.07 Ready6492.53 for6492.69 a6492.93 vote.6493.01 The6493.97 other?6494.05
SHOW NON-ESSENTIAL DIALOGUE
COOK-6496.05 Okay.6496.05 Okay.6496.37 So6496.61 we're6496.77 ready.6496.93 So6497.17 let's6497.25 do6497.49 the6497.61 vote6497.73 then.6497.97 Leo,6499.33 Yes.6501.01 David?6501.97 Yes.6502.69 Helen?6503.57
SHOW NON-ESSENTIAL DIALOGUE
6513.44 COOK6513.44 -6513.44 Alright.6513.44 So6514.01 we'll6514.76 along6516.09 with6516.32 the6516.56 required6516.65 discussion,6517.05 we're6518.89 gonna6519.13 come6519.52 back6519.84 around6520.09 and6520.32 we'll6520.48 have6520.65 Clark.6520.8 I6521.05 just6521.2 do6521.36 wanna6521.52 note6521.77 that6521.93 it6522.16 is6522.24 86522.48 o'clock.6522.73 And6523.9 I6524.06 think6524.22 this6524.38 is6524.46 gonna6524.54 be6524.78 a6524.86 long6524.94 meeting.6525.18 We6525.42 can6525.58 get6525.74 a6525.9 little6525.98 late6526.46 start.6526.7 So6527.82 I6527.98 appreciate6528.06 people6528.62 bearing6528.94 with6529.18 us6529.42 here.6529.66 Hopefully,6531.1 we6531.5 can6531.58 well,6533.5 16533.74 more6533.9 business6534.14 side6534.46 of6534.62 that,6534.78 which6535.02 is6535.34 other6535.42 business,6535.66 which6535.98 I6536.14 think6536.22 will6536.38 be6536.62 filling6536.7 up6537.02 better.6537.1
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SHOW NON-ESSENTIAL DIALOGUE
PATTERSON-6582.34 So6582.34 my6583.54 opinion6583.78 is6584.18 though6584.34 I'm6584.58 incredibly6584.9 supportive6585.62 of6586.26 everything6586.58 that6587.14 that6588.42 we're6588.58 doing6588.82 internally6589.38 in6589.94 Mass,6590.1 in6591.4 Watertown,6591.95 in6592.99 regards6593.23 to6593.56 this6593.64 project,6593.88 and6594.35 I6594.76 know6594.84 how6595.07 difficult6595.31 it6595.72 is.6595.88 It6596.91 feels6597.15 like6597.56 the6597.8 ask6598.03 is6598.44 disproportionate6598.76 to6599.56 the6599.72 quantity6599.95 of6600.52 funds6600.76 that6601.07 the6601.23 trust6601.4 currently6601.8 has6602.27 in6602.59 its,6603.64 you6605.44 know,6605.52 reserves6606.08 compared6606.8 to6607.36 other6607.92 sources6608.24 in6608.72 our6608.88 community.6609.12 And6609.92 I6610.16 think6610.24 that6610.48 it6610.88 is6611.04 right6611.36 that6611.68 we6611.92 are6612.56 expected6612.72 to6613.2 make6613.36 a6613.76 town6614.96 gesture6615.44 so6616 that6616.16 the6616.4 state6616.56 understands6616.96 that6617.44 we're6617.68 serious,6617.84 and6618.24 the6618.64 Affordable6619.68 Housing6619.97 Trust6619.97 is6619.97 certainly6620.2 that6621.24 entity.6623.65
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SHOW NON-ESSENTIAL DIALOGUE
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6801.86 KRACZKIEWICZ6801.86 -6801.86 That's6801.86 correct.6802.26 If6804.5 they6804.74 get6804.9 it6804.98 in,6805.54 you6806.1 know,6806.18 in6806.42 October.6806.66 We6807.7 haven't6807.86 seen6808.18 it6808.42 yet.6808.5 So6808.74
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6834.71 UNIDENTIFIED6834.71 SPEAKER6834.71 -6834.71 So,6834.71 Nell,6835.75 you6836.07 were6836.23 talking6836.39 about6836.71 submitting6837.19 for6837.51 the6837.67 zoning6837.83 in6838.15 November?6838.39
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PATTERSON6852.16 -6852.16 Well,6852.16 now6852.4 you6852.56 said6852.72 this6852.96 is6853.12 406853.36 b.6853.76 Correct?6854 406854.48 b?6854.72
SHOW NON-ESSENTIAL DIALOGUE
KRACZKIEWICZ6855.84 -6855.84 Yeah.6855.84 So6856.16 Have6856.48 you6856.64 got6856.72 DCA's6856.96 approval6857.52 for6858 406858.16 b6858.56 so6858.88 far?6859.12
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6919.8 LEON6919.8 -6919.8 So6919.8 the6919.97 time6920.05 is6920.2 that6920.36 just6920.84 because6921.16 they're6921.4 submitting6921.65 them6922.05 doesn't6922.93 mean6923.16 they6923.4 can't6923.65 the6923.89 timetable6924.05 wasn't6924.52 just6924.93 moved6925.16 up.6925.48 Because6925.89 they're6926.13 gonna6926.36 be6926.6 dealing6926.93 with6927.4 both6928.28 individually.6928.52 They're6929.4 not6929.56 gonna6929.73 package6930.05 it6930.44 up6930.6 with6930.84 their6930.84 other.6931.16 Yeah.6931.82 No.6932.22
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6962.92 KRACZKIEWICZ6962.92 -6962.92 That's6962.92 conceivable,6963.24 but6963.8 I'm,6964.04 you6964.2 know,6964.36 I'm6964.6 not6964.76 sure6964.92 that6965.16 the6965.52 committee6967 would6967.32 want6967.56 to6967.8 make6967.88 a6968.04 recommendation6968.2 to6968.68 the6968.84 city6968.84 council6969.08 when6969.4 the6969.64 city6969.72 council6969.96 also6970.36 may6970.68 be6970.84 uncomfortable6971 with,6972.12 agreeing6974.22 without6974.85 having,6975.26 had6976.85 zoning6977.74 approval6978.06 in6978.45 front6978.61 of6978.78 it.6978.85
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PATTERSON7004.63 -7004.63 Yeah.7004.63 But7004.86 I7005.02 would7005.34 say7005.59 that7005.74 this7005.9 is7006.15 probably7006.31 likely7007.19 the7007.66 most7007.74 friendly7007.98 407008.47 b7008.78 that7008.94 we're7009.19 gonna7009.34 deal7009.66 with.7009.74
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OLIVER7018.46 -7018.46 Well,7018.46 I7018.62 was7019.74 just7019.9 gonna7020.14 say,7020.46 I7020.62 think7020.7 the7021.5 timetable7021.74 there7022.54 are7022.86 lots7022.86 of7023.02 things7023.18 that7023.5 are7023.66 contingent.7023.74 And7024.3 although7024.46 it's7024.78 useful7025.66 to7026.06 think7026.22 about7026.38 how7026.54 it7026.7 all7026.78 falls7026.94 in7027.18 place,7027.26 and7027.42 obviously,7027.58 there's7027.9 an7028.14 ideal7028.22 schedule7029.24 for7029.56 for7030.03 POA.7030.28 I7031.32 also7031.48 think7031.72 we7032.28 need7032.35 to7032.52 consider7032.76 this7033.24 request,7033.48 you7034.03 know,7034.6 outside7035.16 of7035.72 that.7036.28 And7038.2 then7038.35 what7038.76 I7038.99 was7039.07 just7039.32 gonna7039.48 sort7039.88 of7040.2 add7040.52 to7040.84 the7040.99 discussion7041.16 is7041.72 just7042.2 in7042.52 terms7042.6 of7042.84 the7042.91 magnitude7043.07 of7043.56 the7043.72 request,7043.8 the7044.32 400,000,7044.48 I7045.36 think7045.44 we7045.68 all7045.84 need7046 to7046.32 keep7046.64 in7046.88 mind7047.04 that7047.36 this7047.44 is7047.6 a7047.76 really7047.92 big7048.24 project.7048.4
7049.36 So7049.36 1387049.76 total7050.48 units,7050.8 787051.28 new7051.76 units,7052 which7053.2 is7053.52 way7054 bigger7054.32 than7054.64 any7054.88 of7055.04 the7055.12 other7055.28 projects7055.52 that7056 we've,7056.16 you7057.43 know,7057.74 discussed.7058.47 So7058.86 just7059.1 to7059.43 think7059.59 of,7059.82 you7060.06 know,7060.3 I7060.86 mean,7060.94 you7061.26 know,7061.51 it's7061.59 about7061.82 $5,0007062.15 a7063.02 unit,7063.1 new7063.43 unit,7063.59 about7063.9 $3,0007064.78 overall.7065.34 So7065.98 just7066.3 thinking7066.63 about7066.86 that7067.02 in7067.18 terms7067.34 of,7067.59 you7067.9 know,7068.06 even7068.22 though7068.47 this7068.63 is7068.78 the7068.86 first7069.02 deal.7069.34 So7070.39 yeah,7071.74 I7071.9 think7072.06 we7072.3 need7072.38 to7072.54 think7072.7 carefully7072.94 about7073.34 how,7073.66 you7073.82 know,7073.98 spending7074.14 the7074.86 funds7075.1 available7076.06 so7076.38 quickly.7076.54 I7076.86 think,7077.02 you7077.66 know,7077.82 this7078.54 might7078.7 be7078.94 the7079.1 right7079.18 deal7079.34 to7079.58 spend7079.74 this7079.98 money7080.14 on7080.38 because7080.62 it's7081.34 so7081.66 many7081.82 more7082.14 units7082.3 and7083.1 because7083.34 it's7083.58 able7083.74 to7084.06 leverage7084.14 so7084.7 many7084.86 resources7085.18 that7086.23 the7086.34 other7086.47 projects7086.94 that7087.9 we7088.23 have7088.7 talked7089.1 about7089.43 either,7089.9 you7090.39 know,7090.63 public7090.86 or7091.26 executive.7091.34 Like,7091.74 they're7091.9 just7092.06 small.7092.23 Yeah.7092.63
7093.43 LEON7093.43 -7093.43 I7093.43 agree,7093.51 wholeheartedly7094.63 with7095.26 Helen7095.43 and,7095.98 but7097.51 I7097.66 also7097.82 share,7098.3 Leo's7099.43 sentiment7099.9 about7100.47 with7100.78 particular7101.19 respect7101.51 to7101.91 CPC7102.15 and,7102.63 you7102.87 know,7103.11 the7103.43 proportion7103.43 amount7103.99 of7104.39 money7104.47 that7104.87 we7105.03 have7105.19 to7106.15 offer7106.39 versus7106.71 CPC.7107.27 And7107.75 I,7107.99 you7108.15 know,7108.31 I7108.55 guess,7108.63 is7108.87 the7109.03 chicken7109.19 and7109.59 the7109.67 egg7109.83 thing7110.07 a7110.39 little7110.47 bit,7110.71 but7110.95 I7111.75 feel7111.91 like7112.15 you7112.39 know,7112.55 I7112.71 would7112.79 hope7112.95 that7113.19 whatever7113.51 figure,7114.15 you7114.55 know,7114.71 a7114.95 substantial7114.95 figure7115.51 we7115.83 put7115.99 for7116.23 that7116.97 will7117.13 be7117.36 you7118.01 know,7118.16 that7118.48 may7118.73 weigh7118.97 in7119.36 with7119.6 CPC7119.85 as7120.4 to,7120.65 you7120.89 know,7121.13 why7122.24 we7122.56 think7122.73 this7122.97 is7123.13 a,7123.36 you7123.6 know,7123.77 a7124.01 good7124.09 project7124.81 and7125.36 a7125.52 good7125.6 deal.7125.85 You7126.24 so7128.09 yeah.7128.56
7129.36 COOK-7129.36 So7129.36 my7130.5 thoughts7130.74 here7131.06 is7131.38 that7131.54 you7131.7 know,7131.94 I7132.98 understand7133.22 that7133.62 I7133.94 was7134.1 asked7134.34 for7134.58 400.7134.82 I7136.1 understand7136.66 the7137.14 points7137.3 being7137.54 made7137.78 that7137.94 our7138.18 limited7138.34 resources7138.74 and7139.54 the7139.78 long7139.94 time7140.34 frame7140.58 that7140.82 we7140.98 have7141.14 before7141.38 those7141.7 might7141.86 increase,7142.18 but7143.22 we7143.38 supplied.7144.5 I7146.19 could7146.27 see7146.44 going7146.68 a7146.99 bit7147.15 lower7147.4 given7147.72 that7148.11 circumstance,7148.44 but7149.07 I7149.23 just7149.31 wanna7149.55 make7149.72 it7149.88 clear7149.95 that7150.19 it's7150.35 not7150.51 in7150.84 any7150.99 way7151.23 a7151.35 reflection7151.47 of7152.19 our7153.64 level7153.88 of7154.27 support7154.44 of7154.91 the7155.07 project.7155.23 It's7155.8 more7156.11 just7156.44 that,7156.84 you7157.23 know,7157.47 as7157.64 an7158.03 organization,7158.27 the7158.91 trust7159.07 has7159.47 a7160.42 variety7160.58 of7161.06 things7161.22 it's7161.46 pursuing7161.7 right7162.18 now,7162.42 and7162.74 we7163.06 what7163.62 everybody7163.86 else,7164.18 we7164.42 could7164.58 use7164.74 more7164.9 money.7165.14 And7167.38 we're7167.54 fairly7168.02 constrained7168.34 in7168.82 terms7169.06 of7169.3 where7169.46 we7169.62 can7169.78 get7169.94 to7170.26 get7170.42 those7170.58 funds.7170.82 We7171.38 have7171.46 options7173.06 available7173.86 to7174.27 us,7174.51 but7174.59 they're7174.66 not7174.91 ones7175.06 that7175.23 we7175.39 can7175.55 control7175.7 necessarily7176.1 ever7177.39 involved7177.86 really.7178.1 So7179.7 just7179.95 put7180.35 that7180.59 out7180.82 there.7181.06 For7183.23 the7183.47 discussion7183.7 at7184.43 this7184.59 stage,7184.82 where7185.15 do7185.31 we7185.39 wanna7185.55 start7186.02 thinking7186.27 about7186.59 a7186.82 number?7186.99
7188.65 OLIVER7188.65 -7188.65 Well,7188.65 I7188.81 guess7189.05 I7189.69 would7189.85 just7190.17 say7190.41
7190.57 COOK-7190.73 That7190.97 if7190.97 you7191.05 wanna7191.13 defer7191.45
7192.09 OLIVER7192.09 -7192.09 I7192.09 feel7192.17 like7192.41 we7192.57 should7192.73 defer.7193.05 I7193.53 feel7193.69 like7193.85 if7194.09 we're7194.25 gonna7194.49 consider7195.05 a7196.25 number7196.49 less7196.89 than7197.13 their7197.37 request,7197.61 then7198.33 we7198.57 should7198.73 we7199.05 should7199.21 defer.7199.53 We7200.09 should,7200.25 you7201.02 know7201.18 well,7201.34 first7201.57 of7201.81 all,7201.9 you7202.3 know,7202.38 maybe7202.53 the7202.77 next7202.77 meeting7203.02 will7203.34 have7203.34 27203.57 more7203.73 members.7203.98 You7204.77 know,7204.94 maybe7205.18 in7205.49 the7205.65 next7205.81 month,7206.14 we7206.45 can7206.61 get7206.77 more7206.94 information7207.18 about7207.65 the7208.06 mechanics7208.22 of7208.61 the7208.77 financing.7209.49 Maybe,7210.14 you7210.45 know,7210.61 pull7211.1 up7211.26 and7211.41 come7211.57 up7211.73 with7211.81 some7212.06 more7212.22 justification7212.45 for7213.02 the7213.18 number.7213.26 I7213.57 feel7213.81 like7214.06 we7214.22 shouldn't7214.38 vote.7215.64 On7215.64 a7215.68 on7215.72 a7216.12 lower7216.36 number7216.76 tonight.7217 Given7217.32 that7217.88 we7217.96 know7218.12 that7218.36 sort7218.52 of7218.6 the7218.76 next7218.92 deadline,7219.24 so7219.72 to7219.96 speak,7220.04 that's7220.28 not7221 communicated7221.24 is7221.72 in7222.04 November.7222.6 So,7223.08 like,7223.24 it's7223.48 okay7223.72 to7224.04 wait7224.2 until7224.52 October.7225.4
7225.96 COOK7225.96 -7225.96 And7225.96 Larry7226.2 said7226.52 it7226.68 could7226.84 expedite?7227.08 Yeah.7227.88
7228.2 FIELD7228.2 -7228.2 I7228.2 could7228.6 do7228.68 that.7228.84 And7229.73 I7229.97 think7230.05 another7230.3 consideration7231.34 here,7232.14 and7232.53 I7232.77 hope7232.93 I'm7233.18 not7233.34 speaking7234.14 out7234.53 of7234.85 turn.7235.18 I'm7236.22 acting7236.38 as7236.77 staff7236.93 here.7237.26 You7239.09 know,7239.18 we7239.9 are7240.22 developing7240.53 a7241.09 relationship,7241.18 trust7241.9 with,7242.3 the7242.93 CPC.7243.09 And7244.3 it's7244.38 not7244.7 healthy.7245.02 I7245.74 think7246.06 for7246.38 the7246.7 CPC7246.86 and7247.42 the7247.66 trust7248.22 to7249.02 be7249.1 thinking7249.26 of7249.9 each7250.06 other7250.3 as7250.62 who's7251.18 contributing7251.58 more7252.3 because7252.7 you7252.94 can,7253.1 there7253.98 are7254.14 arguments7254.38 for7254.94 why7255.18 it7255.5 should7255.58 be7255.82 the7256.14 trust7256.3 more7256.78 than7257.02 the7257.26 CPC7258.05 or7258.44 the7258.77 CPC7258.85 more7259.4 than7259.65 the7259.81 trust.7259.97 And7260.77 so7260.93 looking7261.16 at7261.48 it7261.73 independently7262.05 as7263.24 for,7263.48 you7263.73 know,7263.89 what7264.13 makes7264.36 sense7264.6 in7265.01 the7265.09 context7265.32 of7265.97 our7266.13 organization,7266.44 the7267.09 same7267.24 way7267.4 they're7267.56 gonna7267.81 think7268.05 about7268.28 in7268.52 terms7268.69 of7268.93 what's7269.09 good7269.4 for7269.56 their7269.81 organization7270.05 and,7271.82 the7272.62 role,7272.78 the7273.1 mission7273.26 that7273.58 they7273.74 have,7273.9 I7274.22 think,7274.3 makes7274.62 sense.7275.02
7276.22 And7276.22 I7276.62 think7276.78 also7277.02 that,7277.66 if7281.1 the7281.42 reason7281.66 for7282.22 not7282.54 providing7283.1 the7283.82 amount7284.06 that's7284.38 been7284.54 requested7284.78 is7285.74 that,7286.14 we7287.8 wanna7287.95 see7288.2 what7288.28 the7288.52 CPC7288.68 does.7289.24 That7289.56 sends7289.72 a7289.95 signal7290.11 to7290.44 the7290.6 CPC.7290.76 Well,7291.48 the7292.2 housing7292.35 trust,7292.91 which7293.31 is7293.95 the7294.44 one7294.6 that7294.76 has7294.99 housing7295.16 expertise,7295.48 doesn't7296.6 feel7296.91 comfortable7297.24 meeting7298.68 this7298.99 request.7299.24 Whereas7300.64 if7301.2 it's7301.36 in7301.6 terms7301.76 of,7302.08 well,7302.72 you7303.12 know,7303.36 we're7303.68 going7304.4 to7304.72 be7304.8 spending7305.04 such7306.16 a7306.4 huge7306.56 percentage7306.88 of7307.6 the7308.16 trust7308.24 resources,7308.64 that's7309.6 a7309.92 legitimate7310 focus7310.8 on7311.28 the7311.52 mission7311.68 of7312.16 the7312.95 trust,7313.19 and7313.99 it's7314.23 not7314.39 a7314.63 reflection7314.7 on7315.59 the7315.91 project7316.06 as7316.63 much.7316.78
7317.82 COOK7317.82 -7317.82 I7317.82 just7318.06 wanna7318.31 be7318.55 clear7318.7 that7318.95 for7319.1 myself,7319.35 we7319.82 might7319.99 this7320.23 project7320.39 has7320.78 my7321.03 complete7321.19 support7323.43 it's7323.43 only7323.59 a7323.66 question7323.91 of7324.31 how7325.24 we7325.56 best7325.64 allocate7326.2 the7327 limited7327.16 trust7327.48 resources.7327.88 You7328.92 know,7329 if7329.16 we7329.32 had7329.4 another7329.64 $1,000,0007329.96 in7330.44 the7330.6 bank,7330.76 I7331 don't7331.08 think7331.24 there'd7331.48 be7331.72 any7331.88 question7332.04 about7332.68 this.7333
7334.12 PATTERSON7334.12 -7334.12 I'll7334.12 second7334.44 that,7334.84 Cliff,7335.16 that7335.56 it7335.8 you7335.96 know,7336.2 the7336.28 amount7336.6 is7337 not7337.16 my7337.64 issue.7337.88 The7338.36 amount7338.52 of7339 our7339.24 total7339.56 budget7340.04 is7340.52 to7341.45 Larry's7341.61 point7342.09 to7342.49 his7342.73 second7343.05 point.7343.45 That7344.49 is7344.73 my7345.45 only7345.61 reservation.7345.93 It's7346.57 not7346.89 any7347.38 support7347.77 for7348.18 POA7348.41 or7348.89 this7349.45 initiative.7349.69 Yeah.7350.65
7351.69 HYDE7351.69 -7351.69 I7351.69 agree.7351.85 And7352.18 I7352.34 think7352.41 if7352.81 we7352.97 could7353.14 just7353.3 take7353.69 a7353.93 little7354.01 bit7354.26 more7354.49 time7354.73 to7355.3 take7355.53 stock7355.99 of7356.31 the7356.55 fact7356.63 that7356.87 and7357.51 look7357.67 at7357.91 what7357.99 other7358.23 things7358.55 might7358.95 be7359.19 out7359.35 there7359.59 in7360.07 the7360.15 immediate7360.39 future,7360.79 to7362.95 spend7363.11 half7363.91 of7365.19 what's7365.35 in7366.07 our7366.31 budget.7366.47
COOK7367.27 -7367.27 Okay.7367.27 I'm7368.15 okay7368.63 with7368.95 that.7369.11 I'm7369.43 hoping7369.67 oh,7370.15 it's7370.31 okay7370.47 with7370.71 that.7370.87
7371.03 HYDE7371.03 -7371.03 But7371.03 again,7371.19 no7371.97 reflection7372.36 on7372.84 it.7372.97 No7373.09 worries.7373.24
7373.48 COOK7373.48 -7373.48 Aware7373.48 of7373.8 the7373.97 cost.7374.13 Yeah.7374.44 Yeah.7374.93 Alright.7376.13 With7377.4 that,7377.56 Moe7378.2 can7378.44 go7378.6 home.7378.84 Thank7379.24 you,7379.56 mister.7379.72
SHOW NON-ESSENTIAL DIALOGUE
7386.39 KRACZKIEWICZ7386.39 -7386.39 I'd7386.71 note7386.95 that7387.11 you're7387.51 being7387.83 asked7388.07 for7388.23 predevelopment7388.47 costs,7389.19 which7390.15 is,7390.39 you7391.19 know,7391.27 the7391.51 soft7391.67 money7392.15 to7392.47 sort7392.63 of7392.87 continue7393.35 planning,7393.83 which7394.15 seems7394.71 to7394.95 be7395.11 quite7395.75 appropriate.7395.99 And7396.55 then7396.63 you7396.79 can7396.87 act7397.11 on7397.35 those7397.51 sorts7397.75 of7397.99 requests7398.15 much7398.79 more7399.03 quickly7399.19 than7399.93 the7400.32 CPC7400.49 with7401.05 its7401.28 processes7402.16 and7402.81 having7402.97 to7403.28 go7403.36 to7403.53 the7403.69 city7403.69 council7403.85 to7404.24 get7404.32 approval.7404.49 So7405.28 I7406.09 think7406.24 it's7406.41 only7406.65 natural7406.89 that7407.28 you're7407.45 the7407.77 first7407.93 to7408.16 be7408.32 asked7408.49 and7408.65 that7408.81 we'll7409.05 be7409.2 second,7409.85 which7411.77 would7412.01 and7412.41 our7412.57 cost7412.81 would7413.13 go7413.28 to7413.45 something,7413.6 costs7415.33 that7415.65 are7415.81 sort7415.89 of7416.05 deeper7416.21 into7416.53 the7416.85 project,7417.01 probably.7417.41
7418.37 COOK7418.37 -7418.37 Yeah.7418.37 Yeah.7419.09 I'm7419.41 assuming7419.57 the7419.89 funds7420.05 from7420.37 you7420.61 are7420.77 probably7420.85 or7421.25 you7421.41 can7421.57 work7421.73 more7421.97 construction.7422.13 Yeah.7423.25
7426.94 PATTERSON7426.94 -7426.94 Again,7426.94 those7427.27 soft7427.51 costs,7427.74 though,7428.06 can7428.31 be7428.47 doled7428.63 out7428.94 over7429.1 time.7429.34 You7430.15 know?7430.23 So7430.55 it's7430.78 not7431.02 contingent7433.98 upon7435.19 immediate7435.59 action.7436.78
7437.82 COOK7437.82 -7437.82 Yeah.7437.82 I7439.35 mean,7439.43 you're7439.75 even7440.07 under7440.31 that7440.55 circumstance,7440.71 it's7441.27 gonna7441.43 be7441.67 a7441.75 while7441.83 before7442.07 it7442.31 starts7442.55 Yep.7443.43 Starts7443.67 from7443.99 the7444.63 dirt7444.87 in7445.19 the7445.27 ground.7445.35 Right.7447.67 So7448.47 I7448.71 guess7448.79 we'll7449.03 see7449.19 you7449.35 again7449.43 next7449.75 month7449.99 now.7450.23 Sounds7450.63 good.7450.87
7451.74 MILLER7451.74 -7451.74 Okay.7451.74 Thank7451.98 you7452.55 all7452.7 for7452.86 your7453.02 time7453.19 tonight.7453.43
7456.15 COOK7456.15 -7456.15 I'll7456.15 ask7456.39 agenda7456.55 item.7457.02 It's7457.43 general7457.59 business.7457.9 Larry,7459.43 it's7459.82 a7460.15 great7460.3 quick7460.63 review7460.78 of7461.1 general7461.26 business.7461.59 I7462.06 think7462.15 we7463.1 don't7463.26 want7463.51 to7463.74 have7463.82 dinner7463.98 folks.7464.23
7465.87 FIELD-7465.87 Yeah.7465.87 The7466.11 Watertown7466.27 Square7466.83 zoning7467.31 amendments7468.67 will7469.23 be7469.47 released7469.71 shortly,7470.35 and7471.87 there7472.11 will7472.35 be7472.43 public7472.91 hearings7473.31 scheduled7474.11 and7475.31 meetings7475.63 scheduled7476.03 for7476.51 October.7476.75 And7478.76 that's7478.91 it,7479.23
COOK7479.48 -7479.48 we'll7479.48 have7479.8 more7479.95 to7480.11 discuss7480.19 at7480.68 that7480.76 time.7480.91 I'm7481.15 sure.7481.31 Okay.7482.99 Just7484.44 so7484.76 in7484.91 case7485.15 folks7485.4 are7485.56 wondering7485.72 about7486.27 the7486.27 other7486.35 projects7486.68 we7487.15 have7487.31 talked7487.48 about,7487.72 there's7487.95 no7488.19 use7488.44 at7488.6 this7488.76 time.7488.91
SHOW NON-ESSENTIAL DIALOGUE
FIELD-7491.33 And7491.33 and7491.65 no7491.81 need7491.97 for7492.21 an7492.37 exact7492.45 business.7492.77
COOK7493.09 -7493.09 Exactly.7493.09 As7493.57 a7493.65 result.7493.73 Yes.7494.05 Okay.7495.33 With7495.81 that7495.97 in7496.21 mind,7496.29 I'm7496.53 gonna7496.61 ask7496.85 for7497.09 a7497.17 motion7497.25 to7497.65 adjourn.7497.81 Motion7498.45 to7498.85 adjourn.7499.09 2nd.7499.65 Okay.7500.69 Leo7501.73 and7502.05 Diego?7502.21
SHOW NON-ESSENTIAL DIALOGUE